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

To: Innuit who wrote (4391)	12/11/1997 5:28:00 PM
From: George	Read Replies (1) \| Respond to of 19080

With a cash position of 1.6 Billion and 1 Billion shares outstanding share Buy back can only have symbolic meaning even at $22 pershare

To: Innuit who wrote (4391)	12/11/1997 5:32:00 PM
From: mcmiller	Read Replies (2) \| Respond to of 19080

I agree. From what I hear ORCL will bounce back as it always does. My financial advisor at Prudential said he is very high on ORCL and personally has been buying it up over these last 3 days. He sees it at mid to high 30's in the next 8-12 months. I asked my friend who is in sales at ORCL about any massive sales rep departures as someone here indicated. He said there was no truth to it at all.

To: Innuit who wrote (4391)	12/11/1997 6:08:00 PM
From: Robert E. Bruss	Respond to of 19080

We are in a system that has almost immediate response. In such a system both theoretically and in reality the hyper-responsiveness of the system results in overshoot. You and 200 million people all get bad news about a company. You all place orders to sell. There is temporary imbalance the drop is bigger than it should be; the system overshoots. This does not happen when the system is "damped". It used to be that it took time for bad news to get around, and it took time to react. We are in a new paradigm =============== This is true, except I haven't owned Oracle since back when it was a split adjusted 2.25 (3 2 for 1's, if I remember right). If you look a charts much, what you frequently see in a situation like this is that you'll get a bounce, which is to be expected, but then lots of nothing for a while. I don't recall many stocks recovering more than 20-30% before retesting the previous lows. COMS did get back a lot (about 2/3 or so at the peak?), but you'll notice it retested the previous low and it's still in that neighborhood. I still think the you're playing the longer odds if you expect an immediate sizeable bounce. If you're just looking for a point or two, then it might work. Bob B.