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

To: stan roberts who wrote (4759)	12/23/1997 6:21:00 PM
From: Captain Jack	Respond to of 19080

Stan--- I have no patience waiting on an issue to "come back" after dropping this high of a %. CPA gets a call on Mon... some to IRAs - some to charity - some to kids IRAs. Some dumped and some held. ORCL at 35 1/2 and HOLDING was my biggest market mistake ever. To compound I jumped in at 23 1/8 for the dead cat bounce--- only this cat SPLATTERED,, no bounce. The latter will at some point produce a profit, the former will take too long to keep interest. At some point the availibility of the cash to put into a mover outweighs holding losses for the long term to me. This is especially true as I see nothing from the company or Larry to indicate their concern. Even a loss of their magnatude means little when you already have more thanyou can count. As trading is my hobby I hate picking losers,,, even temporary ones when they drop this much with little expectation of a fast upward movement. After the wash rule would be out of time may look again in the teens or low 20s. As ORCL is still dropping on no news and good volume the bottom may still be coming. Good company, bad press right now--- one of the drawbacks of being a "bellweather" company. John