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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: rod runyan who wrote (29313)3/25/1999 12:39:00 AM
From: Jenna  Read Replies (1) | Respond to of 120523
 
ORCL..long term hold for me. I think the selling was overdone and yes it's oversold, but the downtrend unfortunately is still intact. Its just a matter of style but I like to wait for a bit more of upturn before entering a stock that is that much oversold. Sometimes an oversold stocks stays oversold and down a while, whereas an overbought stock can and usually does continue to accelerate.


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