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

To: The ChrisMeister who wrote (7037)	4/29/1998 11:29:00 PM
From: dave	Read Replies (2) \| Respond to of 19080

I'm sorry if you inferred from my post that Market Makers release news reports(i.e. upgrades and downgrades). I assumed that the people reading my post would know that the Market Makers I was talking about (i.e. Goldman Sachs, Merrill Lynch, OLDE, etc...) have senior analysts who release positive news only after their respective firms have established a substantial position in the equity they are upgrading. Once the shares are distributed to their clients, words such as "overbought" may begin to circulate, an actual downgrade may occur or no information will be released when it is expected. Market Makers will start to reaccumulate the stock they had earlier sold to their clients. This information was originally shared with me by a friend of mine who traded for Lehman Brothers in Houston. I've seen this happen this past year with LU, ORCL, TXN and MOT. My friend also mentioned that nearly 80% of the firm's net was made on their trading floor where as a Market Maker for AMAT. Once again I'm sorry if I did not make myself clear. dave