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


To: epicure who wrote (6892)4/9/1998 9:37:00 PM
From: Sabrejet  Read Replies (1) | Respond to of 19080
 
To clarify your statement, you need to be careful when quoting the Worden report. To give you some insight or just to remind you, they also suggested to short HBOC at 27 post split. Check out it's current price.

They recommended recently to short the spiders over 5 weeks ago. That got people killed! Their track record for data is good but there recommendations are less than 50-50 from the one's I track.

Besides, if you read the report again you will see that the short is high risk and he implies that the stock will rebound. He stated that the stock has yet to form a base and this is suppose to substantiate his reasons to short. Check out the support @26.5. When the bottom fell out of the NAZ it stuck it hard at 26 1/2. As well when the NAZ popped recently, it held it's price indicating stability. It traded up in after hours today 1/4 point with strong buying again.

Be careful shorting this. The reward may be minimal at best.

sec-zebra



To: epicure who wrote (6892)4/9/1998 9:46:00 PM
From: Margarita  Read Replies (2) | Respond to of 19080
 
X the Unknown: I do have the TC2000 charting program
and yes they suggest a test of the January lows might
happen they also suggest it might be worst than that,
if I read it right.



To: epicure who wrote (6892)4/9/1998 11:49:00 PM
From: GS_Wall Street  Read Replies (2) | Respond to of 19080
 
"The Prestine Trader" a timing service just issued a buy on Orcale, they are calling for a $2 point up move to 29.25. One person TA vs another.