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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?


To: OldHack who wrote (4274)12/9/1997 2:48:00 PM
From: Linda Kaplan  Read Replies (1) | Respond to of 4701
 
OH,

Sympathies on Oracle. I do think you got a good buy on the additional shares, though! I can beat you, on VVUS. Ick.

What happened to your stop loss system? re: Oracle.

Try lemon oil from a hardware store. Comes in a big tin like a turpentine tin.

Linda



To: OldHack who wrote (4274)12/9/1997 4:36:00 PM
From: James Strauss  Read Replies (1) | Respond to of 4701
 
ORCL On My Radar Screen...

>>>If anybody is feeling bad about crummy stocks I may be able to give them a laugh. Recently I bought 300 trading shares of ORCL at 32 and limited it on the HIGH side at 35 3/4. Oh well, I just bought another 100 at 23 7/8. Maybe that will help stem the sell off! There is always RECY to fall back on isn't there?<<<
***********************************************
OH:

I'm waiting for the other shoe to drop with ORCL, and a little basing... Then I'll buy a bunch... This is still a great company...

Jim



To: OldHack who wrote (4274)12/9/1997 5:53:00 PM
From: Dave H  Read Replies (1) | Respond to of 4701
 
from cbs.marketwatch.com:

In earnings news, Oracle plunged 9 3/8 to 23 on a whopping 172 million shares, the
biggest single-day volume total for any issue in Nasdaq history. Late Monday the
database software developer said it netted 19 cents a share in its fiscal second
quarter, 4 cents beneath most analysts' estimates. The disappointing showing was
due in large part to softening sales in Asia and negative foreign currency
translations due to the stronger dollar. Morgan Stanley Dean Witter and Lehman
Brothers slashed their ratings to "neutral" from "strong buy."


...biggest volume in NASDAQ history for a single issue...WOW!
I'd say that "overreaction" fits here -- ORACLE still turned a nice profit, didnt they? I wonder how many short sellers are on board now

-dave