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


To: mcmiller who wrote (10024)3/12/1999 4:55:00 PM
From: aps  Read Replies (2) | Respond to of 19080
 
todays drop of 22% is totally outrageous, it is insane and ridiculous. The stock deserves to be above 32 at least. I hope next week will bring it back up....playing CBR in the meantime.



To: mcmiller who wrote (10024)3/12/1999 5:08:00 PM
From: Hector  Read Replies (1) | Respond to of 19080
 
I agree with Murphy. The problem for the short term is that the momentum has gone from up to down and it'll take a few weeks to a couple of months for it to work itself out. If you're a long term investor, it's better to wait until ORCL puts in a bottom.

Even though many things are unwarranted on Wall St. (e.g. valuations of internet stocks) try argueing with the momentum. I've tried and it doesn't pay. You have plenty of time yet to get in on ORCL.



To: mcmiller who wrote (10024)3/12/1999 5:13:00 PM
From: Maverick  Read Replies (1) | Respond to of 19080
 
Merrill Lynch said it had cut its rating on ORACLE CORP (29-3/8,
down 7-1/2 @ 10:03 ET) to intermediate accumulate from
intermediate buy, while keeping its long-term buy rating for the
database software company. Further details were not immediately
available. Late Thursday, the company reported a 36% earnings gain
in its fiscal 3Q, compared with the same period a year ago.
Analysts were nevertheless concerned about weaker-than-expected
revenue growth.