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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (4258)	12/9/1997 10:43:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 120523

Watch List 12/10: SYMBOL CLOSE CHANGE CHANGE % VOL VS AVG (50) AMMB 28.500 0.750 2.70% 52.85% Big Losers worth watching: MDYN 14.625 -2.250 (13.33%) 266.23% expect this to continue down more in the morning CTYS 1.000 -0.281 (21.95%) 128.08% this has got to be close to bottom ORCL 22.937 -9.437 (29.15%) 1,770.66% the volume alone says this is hugely oversold Still Long on: DIMD ( if it doesn't break 11 its sold), GM, INEL and TCOMA (up $2). I exited CU as it looked oversold, although there is a possibility for some more growth tomorrow. NSCP couldn't sustain the momemtum but its low was still above the trend line so I entered near close. CPQ's drop killed any chance of profitable reentry in the morning, but I got it at 63 on the day end as well. Stops are set, but these two may be a little risky. GE gets sold tomorrow only because one Fund Manager's comment that he is going to sell off all his shares above $69 will generate some negative momentum. RAYS made a valiant try for recovery today, but needs to be above 6.75 to reenter. Also of interest would be SGI - it made a struggling reversal at the first of this month and finally closed above a technical minor high of mid Nov, so that will get some close scrutiny. Its at 14.5 and could go to 17 reasonably. Last, WDC is under17.5. Now this ticker was at almost 55 three months ago. I think I'll do a little research on what they are working on, as its worth about 30 in my book. lastshadow

To: LastShadow who wrote (4258)	12/9/1997 10:48:00 PM
From: LastShadow	Respond to of 120523

ORCL - 162 million shares traded? Tuesday December 9, 7:20 pm Eastern Time U.S. OPTIONS FOCUS/Betting on Oracle bottom CHICAGO, Dec 9 (Reuters) - Option investors apparently were betting that shares of software maker Oracle Corp (Nasdaq:ORCL - news) were bottoming as they bought calls and sold puts, traders said Tuesday. In late activity, Oracle was down 9-11/16 at 22-11/16 on huge volume of more than 162 million shares. The stock slumped after it reported weaker-than-expected quarterly earnings late Monday. The earnings prompted a rush of rating downgrades from the likes of Morgan Stanley, Bear Stearns, Goldman Sachs and Merrill Lynch. ''There are huge call buyers and put sellers,'' said Patrick Hickey, a market maker in Oracle options at the Chicago Board Options Exchange for LETCO. ''They're obviously thinking it's a bottom,'' he said, but he added that some investors might just be using the options as a hedge against selling the stock. He said no particular strike or month was a focus, with trading busy even in some long-term options, known as long term equity anticipation securities, or LEAPS. The most active Oracle option was the December 23-3/8 call, which traded 6,725 contracts. Other busy Oracle options included the January and March 27-1/2 calls and the December 22-1/2 puts. Among the LEAPS, the January 2000 50 call traded about 2,860 contracts and the January 2000 30 call traded nearly 2,000. Hickey noted that with the stock tumbling, implied volatilities in the options shot up across the board. In the December near-the-money options, implied volatility traded in the mid-80s and in the mid-70s in the near-the-money January series.