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

To: John R Storey who wrote (4117)	12/9/1997 9:52:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 19080

John, I agree with much of your premises. However I think it is possible you are in too early. I have followed other big companies like Nike who lost a big chunk in one day. Each company would have a bounce the next day and then drift for about 2-5 weeks. They would shed another 5 points or so before moving up SLOWLY. Asnd was a little differant but it actually fell in chunks, sat for a couple weeks, then came up 10. Orcl is a great company and I want to own it. It may rally here but it may be very short lived. Every day that Hong Kong has a crappy day, Orcl will likely be muted or have a crap filled day. I am prepared to miss this boat but have a target of the high teens. As a minimum, I am guessing this stock may be bought at 20. The most I would do with Orcl is to nibble. If you intend to buy 1000 shares, buy 100 or 200 shares now. When it rises to 23.5, buy another 100; when it drops to 217/8's, buy another hundred; and save 200 or so to buy in the high teens. It gives you something to do while you wait<G>. I wish you well. Steve D.