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


To: Bipin Prasad who wrote (9708)3/3/1999 3:20:00 PM
From: Sonki  Read Replies (2) | Respond to of 19080
 
is orcl serious about buying ifmx??? that's why the stock went down.

i just heard the rumours..



To: Bipin Prasad who wrote (9708)3/3/1999 5:02:00 PM
From: lml  Respond to of 19080
 
Bargain hunters will step in soon, imo.

Yup, & I was one of them . . . & it seems so was Eric.

Can't keep a good stock down. We all know that the overall market is going thru consolidation right now. Buyers are on the sidelines & hence the softness in prices, particularly among the techs.

Institutional money is anticipating/waiting for a lower entry point. Are we there yet? With ORCL, I think we saw some of it today. If not, with the money on the sideline is in effect a cushion to present downside risk. "One can never buy at the bottom, or sell at the top."

When the market moves to the upside, it will move with some degree of vengeance, & the techs again will lead, particularly the newly discovered internet plays like ORCL as well as the telecoms. JMO.