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

To: lml who wrote (9399)1/24/1999 2:21:00 AM
From: Shane M  Read Replies (2) | Respond to of 19080
 
lml,

I agree that ORCL has run a little past where fair value would place it, but after looking at what the capital gains hit would be if I sold, I decided to hold. My basis is @24, and if I sold for 50 then the govt would get about $8 of my $26 gain (at least until I qualify for long term treatment). This means ORCL would have to fall below $42 for me to reestablish my position and come out ahead on the deal. I don't think I can make money on that bet, so I'm holding. I bet alot of others feel the same way.

Shane



To: lml who wrote (9399)1/24/1999 9:38:00 AM
From: Dennis  Read Replies (1) | Respond to of 19080
 
thanks for the explanation.....you say you are not in the industry BUT it sure sounds like you have some tech background...Yes???....again My point is for someone like me with ZERO background in tech.....I bought my first computer 3 years ago......the only choices are 1. Stay away from techs 2. Study like crazy or 3. Listen to the analysts.

I guess the right answer is do a little of each. gg

Peace


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