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

To: Riskmgmt who wrote (8056)	8/19/1998 5:23:00 PM
From: Roy F	Read Replies (1) \| Respond to of 19080

A welcome change, indeed, Ray. I wish I could say that I thought ORCL was going straight up from here... it just seems that out of favor stocks seem to be out of sync with the market. When the market goes up - they go down, when the market goes down - they go down... until they're so rediculously cheap there's nothing better to buy. <G> I certainly like your scenario better. This one will take time, but the reward should be worthwhile. Roy

To: Riskmgmt who wrote (8056)	8/19/1998 5:44:00 PM
From: Daniel W. Koehler	Read Replies (1) \| Respond to of 19080

Ray, it seems to me that we will plateau at 25 before friday expiration. I expect it to go through 25 Thurs-Friday and then settle back around 25. I, however, have not done a "max pain" option analysis re: the price that causes the most puts & calls to expire worthless but I suspect the market is telling us 25 is it. Sept is earnings month so we should have a run up. Long 40 sep 25 calls Ciao, Daniel