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

To: Sowbug who wrote (4010)12/9/1997 4:22:00 PM
From: Glen Conway  Read Replies (1) | Respond to of 19079
 
After breaking even in options. Thought I would try stocks, after watching many stocks from large caps take big hits only to recover a good portion, I jumped in at 23.25 early today for 500 shares. I just can't believe a company like Oracle can lose 30% in a day and not come back 15%. BTW first stock I ever owned, hoping for beginners luck and a very merry Christmas.



To: Sowbug who wrote (4010)12/9/1997 4:53:00 PM
From: Kirce Stojanovski  Respond to of 19079
 
Even though I still believe that ORCL will go down a couple of more points from here, I still covered.

Why? You can't short a big cap stock for just a couple of more points. I hope I am wrong and ORCL recovers to 25 or more for all the longs. But I wasn't going to risk it. I got a couple of thousand extra dollars in my pocket and I am happy.

The stock could be up 2 in pre-market trading and then I will be running to cover.

Good luck to all.


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