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

To: Mo Chips who wrote (4616)	12/17/1997 5:09:00 PM
From: vinod Khurana	Respond to of 19080

Nasdaq slips slightly on tax-sales, profit-taking NEW YORK, Dec 17 (Reuters) - Nasdaq stocks closed slightly lower Wednesday as investors took year-end profits and sold underperforming issues for tax purposes. The Nasdaq Composite Index unofficially closed down 5.64 points -- or 0.36 percent -- at 1547.36 on unofficial volume of 760,163,281 shares. Advancing issues edged declining issues 2,255 vs 2,237, with 1,104 issues unchanged. ''It was hardly a change in this volatile market, we didn't see anything dramatic,'' one trader said. ''It was just all profit-taking in the end ... and we're definitely still seeing tax-selling.'' Another trader said, ''It looks like a lot of the carnage is over, we hope, in some of the small tech stocks. We're seeing some buying.'' He added, however, ''I think (going forward) it will be a choppy market.'' Intel Corp (Nasdaq:INTC - news) was the most active issue, with more than 18 million shares changing hands. The stock lost 1-11/16 To 69-1/2. Among other top issues, Cisco Systems Corp (Nasdaq:CSCO - news) gained 13/16 TO 54-3/16, Oracle Corp (Nasdaq:ORCL - news) lost 11/16 to 22-5/8 and Applied Materials Inc (Nasdaq:AMAT - news) fell 1 to 28. Wisconsin Central Transport (Nasdaq:WCLX - news) fell 5-7/8 to 21-3/8.

To: Mo Chips who wrote (4616)	12/17/1997 5:17:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 19080

<<This kind of analysis is useless. Nothing personal, but it really is. >> If you're criticizing technical analysis, you're criticizing a self-fulfilling prophesy. Traders and institutional investors really do follow trading volume, support, resistance, and all those other invisible forces, and they buy and sell accordingly. You might think it's groundless, but if everyone's doing it, then by definition it's correct. Kind of like that thing about who wins the Super Bowl tells what happens to the market the next Monday. Is it cause? Effect? Both? Who cares, if it works! So it's fine to say the analysis is useless, but not to go one step farther and say that nobody should post that kind of information.

To: Mo Chips who wrote (4616)	12/17/1997 5:32:00 PM
From: nanu swamy	Read Replies (1) \| Respond to of 19080

Mo, If you think it is useless just push the next button just like I do for about 70% of the messages on SI. I do have two people who have send me email with the idea that we should have a new "ORCL for traders" thread where we could just talk about trading ranges for the next day and not wade through all the other stuff which is useless to us and potentially useful to you... How about an analysis from you as to why orcl went down so badly today? Rgds, nanu