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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Francis Matthews who wrote (3991)	12/9/1997 3:36:00 PM
From: pavlov 1	Respond to of 19079

Stuck my neck out at $23.125. Bought 500. Volume is too big for there not to be a rebound.

To: Francis Matthews who wrote (3991)	12/9/1997 3:43:00 PM
From: Kirce Stojanovski	Respond to of 19079

True, if they come up with money to cover. If you were sitting at 50% equity you just got smacked today 30%, now you have to come up with 10% equity. That could range from hundreds to thousands for some. An investor who bought 1000 shares of ORCL on margin yesterday at 50% equity and used $16000 to buy $32000 worth of stock just lost $10K. They have to come up with $3000 (I believe, haven't done the math) to go back to 30% equity. What could someone do? Sell or cover you margin

To: Francis Matthews who wrote (3991)	12/9/1997 10:06:00 PM
From: Zen Trader	Read Replies (1) \| Respond to of 19079

Francis,would you please share you thoughts, regarding ORCL/margin calls And, also for the $22/$28 vaule for the stock. as a lazy daytrader,( west cost traders have to get up at 6:am for the NY market. Some days I do get up at 6:am "NOT" OK.... but I do trade everyday.I use several critera for daytrading. BID/OFFER SIZE, HISTORICAL PRICING, VOLUME,LAST TRADE,ECT.( And pure instincts ) IT TAKES ME ABOUT 5 MIN TO DECIDED ON A BUY /SELL I bought ORCL TODAY AT 22.6250 around 2:55pm looking for a dead cat bounce today.rgds RF.