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

To: grogger who wrote (5336)	2/4/1998 10:00:00 AM
From: Wheats	Read Replies (1) \| Respond to of 19079

Rob, ORCL is short term overbought based upon the following indicators: Stochastics -- near high Declining Momentum on last bar -- yesterday Relative Strength Index (RSI) rising but not in danger zone yet Bollinger Bands -- at top Volume is declining However MACD looks good, at least for now, and I give this indicator a lot of weight. What this all means is that we may need some consolidation here for these indicators to relax -- a few days to a week, and then the uptrend will likely resume. As I mentioned yesterday, I am holding because I don't want to risk missing out on the major trend which I believe to be up. Also, some upgrades could make this stock run regardless of what the charts say. I think your take on the $30 is very doable over the next few weeks. One thing to think about is this Iraq mess and where it goes from here. Bombing probably wouldn't help the market. Phil

To: grogger who wrote (5336)	2/4/1998 2:04:00 PM
From: lml	Respond to of 19079

Rob: Remember there are two sides to a trade. There's always gonna be a differing view whether a stock is overbought or oversold. Critical to this forming either view is one's time horizon. A trader, with a short-time horizon, can very rationally at this point to take some profits, especially if he was fortunate enough to get in at or around 18. On the otherhand, if your a long-term, based upon the growing perception that ORCL's growth rate will not diminish as greatly as once feared, the stock still has more upside to go. Such differing views, & other views somewhere between, create a market for the stock.