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

To: Margarita who wrote (6894)4/9/1998 10:39:00 PM
From: Richard S  Respond to of 19080
 
I use Omega Supercharts for my technical analysis.
Daily Stochastics indicate support at 26.25 - 26.50.

Since the rest of the NASDAQ market has rallied I would look for an upward move in Oracle over the next week to about the 31 level with a bearish trend after that.



To: Margarita who wrote (6894)4/10/1998 2:30:00 AM
From: epicure  Read Replies (1) | Respond to of 19080
 
Combined with the other report this week, that mentioned their thinking on a correction this year, I think they are merely suggesting that things could get ugly for ORCL, or ANY stock, in a nasty correction. They aren't going to be looking for the extreme. I think a test of the Jan low is a bit aggressive, I will happily sell my puts around 21 1/2.


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