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

To: jack wuo who wrote (5696)	2/27/1998 6:23:00 PM
From: seth thomas	Read Replies (6) \| Respond to of 19080

Jack - I'd hold onto your ORCL short position. I bought a bunch of March puts today (early in the day - like you, I'm already in the profit zone). I don't think they made the quarter. All of a sudden, in the last two weeks, I see a lot of ORCL sales resumes on the street. I live in Redwood City, and can see ORCL buildings from my house. 1/2 the town identifies with ORCL, much like MSFT in Redmond. ORCL has what, 10 - 15,000 employees, probably more, and Redwood City has only 60,000 residents. There's lots of ORCL gossip around town - you can hear it in restaurants, stores and even in gas stations. None of the gossip has been upbeat in the last few days.