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

To: MJR who wrote (4490)	12/15/1997 3:17:00 PM
From: syborg	Read Replies (1) \| Respond to of 19080

Regardless of if you like ORCL technology or not you have to admit it has historically made money for investors. If you analyze past performance and believe in their formidable marketing department then you should be OK. If some of the talk about problems (other then technology<g>) running deeper then the immediate currency explanation is true... who knows. IMHO enough folks own this puppy that most institutions will hedge their recommendations to pivot around next qtrs earnings. That should seem pretty obvious to most in this thread. I would also suspect alot of companies are carefully examining how to minimize any "Asian flu" symptoms. If enough are successful, the market could turn around and ask "Tell me again why you didn't make expectations?" syborg

To: MJR who wrote (4490)	12/15/1997 4:45:00 PM
From: nanu swamy	Read Replies (3) \| Respond to of 19080

> I just backed up the truck and loaded up on shares of ORCL. At this > price it seems like a great deal and am hoping to see 26 relatively > soon... any thoughts if I'm being realistic or did I just throw my > money away With the dust settling after the downgrades, most of the MM's seem to be moving with the DOW. If the DOW goes up you find more MM's buying and if the DOW goes down more MM's dump their holdings. Sometimes the MM's do not play by this 'implicit rule' and move the price against the DOW. This is usually done with large volumes. The guys on Instinet (INCA) usually try to enforce some sort of orderly behavior when the price and dow move in opposite directions. But during upgrades/downgrades the folks on INCA are powerless and during normal days like today they act like "traffic cops" not letting the dow and the stock price move out of sync. My gut feeling is that ORCL moves by about 3/4th point for every 100 point change in the DOW under normal circumstances. So to see ORCL at 26 the DOW should be consistently above the 8200 level... To add something which may seem preposterous to some, I think that the DOW is right now under computer control and is being held "artificially high" to keep consumer confidence up. If the Fed stops pumping money into the market, the DOW would collapse like a rock and so would all big cap stocks... (most of my thoughts have been influenced by a book which I have been reading which describes how the Fed controls the economy)