SI
SI
discoversearch

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: Kirce Stojanovski who wrote (4199)12/10/1997 9:54:00 AM
From: Sowbug  Read Replies (2) | Respond to of 19080
 
<<I might short ORCL again at the open. Today is going to be a down day again. I will look for the right time to move in.>>

I said it yesterday, I'll say it again... You've got guts.



To: Kirce Stojanovski who wrote (4199)12/10/1997 10:09:00 AM
From: Mike 2.0  Read Replies (1) | Respond to of 19080
 
Probably a wise move. DJ reported huge open interest in ORCL calls yesterday. Conventional wisdom seems to think ORCL was going to regain a few points in a hurry, I disagree. If core business is as mature as some say, there is no justification for even the current valuation, which is still 26x lowered FY98 earnings of appx .90. IMHO $18 or 20x FY98 earnings seems more reasonable.

Mike