Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: CG TANG who wrote (4029)	12/9/1997 5:24:00 PM
From: zc66	Read Replies (4) \| Respond to of 19080

Last year when INTC droped to $25 (split adjusted), all analysts down graded it. Now they still call themselves analysts.

To: CG TANG who wrote (4029)	12/9/1997 5:45:00 PM
From: Greg Butcher	Respond to of 19080

RE:"Well, we have most of the Wall Street brokerage firms downgraded ORCL today. You name it." What insight!!

To: CG TANG who wrote (4029)	12/9/1997 6:07:00 PM
From: BearBull	Read Replies (1) \| Respond to of 19080

I agree with your opinion. Any long-term investor, especially those ones who understand the fundamentals like our Silicon Investor folks, would take this as a buy opportunity. In short term, I have no doubt that it may go below $20. From $20/shr, I would buy every time it drops another $2. This reminds me of what happened to CA in January this year. After the big hit, I bought some. It went down further in the aftershocks. I kicked myself for not buying more on the way down. Now it has been doubled. The interesting part of today's sell off is that it opened at 23 and closed at 22 15/16 (Range: 22 3/8 - 24) with a record volume of 171M. I believe the majority of sellers are MMs and lots of buyers are individual investors. The bears were resisted by considerable buy orders.