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


To: Mohan Marette who wrote (4931)1/8/1998 1:54:00 PM
From: Kevin Yang  Read Replies (1) | Respond to of 19079
 
Mohan,
Got burnt by ORCL and blaming it all on Asia?
I remember hearing something like that coming from Larry too..
Just curious, where on earth did you get you facts on Asian economies from? CNN? Larry Kings'? Or have you actually live in Asia recently to know first hand what's happening? Let's keep your Asian opinion to yourself and off this ORCL thread. Only good Q3 earnings can push up ORCL stock price now, and that will not come for a couple more months.

REgards,
Kev



To: Mohan Marette who wrote (4931)1/8/1998 2:00:00 PM
From: zc66  Read Replies (2) | Respond to of 19079
 
If all Citibank customers suddenly go to the banks and withdraw their money, Citibank would have serious problem too. The problems in Asia seems to be caused by over-investment without sufficient reserve in US dollar. This situation is seen as an opportunity by someones. They suddenly take out US dollars from those problem countries and keep buying US dollar by shorting local currencies. These manipulators will benefit a lot. That's how the crisis in Asia originated.
My opinion could be wrong.