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To: Tech Master who wrote (11167)2/3/1998 10:12:00 AM
From: Trader X  Read Replies (1) | Respond to of 17305
 
Off topic: stock chat: ORCL

I agree with that, altho I wouldn't really call it a correction. Consolidation might be more correct...I see it doing a sideways slide between 20 and 25 for a couple, maybe even 4 weeks. Nice rebound though!

Here's a stock that debunks the myth of the "dead cat bounce", which, to hear people talk, happens at least half the time to stocks that tank in one day.

The truth is, dead cat bounces are extremely rare, perhaps only one in ten candidates actually doing the famed feline bounce. I've seen stocks do it once or twice in the past year, and SI is full of people who make a habit of this type of speculation. I say go play roulette instead, better odds.

Kevin