Aside from all the political talk, does anyone have an idea on what to expect this week with the market and Oracle stock? Im just an ordinary individual investor from home and bought 3000 shares at 11.29. I was hoping someone could give me som real or factual info/predicitions for what to expect here in the next week or two.
THANKS IN ADVANCE.
I have no clue as to what will happen with ORCL's stock price, but its silly to solicit advice about buying or selling a stock from anonymous people on message boards or brokerages that have a "self interest" in selling stocks.
Hire yourself a good financial planner, and after reviewing your goals and income, they'll help you determine where best to put your money.
The outlook for IT spending is supposed to be poor for 2003, so my guess would be that stocks like ORCL would probably trade sideways until earnings looks better. After all, earnings is what propels stocks.
PS - ask your friends or relatives if they have a good financial planner they could recommend, instead of picking one out of the phone book or using one tied to a company that has a vested interest in selling specific products that they receive kickbacks on.
Have a look at this page; http://money.cnn.com/news/international/
Every single international exchange traded down today. They weren't closed for MLK day. Every single 'most active ADR' (stocks that also trade in the USA) was trading down today.
I don't think these are good signs for the market in general but I don't know how any of this will affect ORCL in particular. I think ORCL is still over-valued after it's recent runup. But I know that there has been recent support for the stock at $11. I don't think it'll trade much lower than that anytime soon.
I don't currently have a position. I hope that helps.
Sorry can't help you, all I can say is if you take advice from anyone here regarding buy or sell decisions, you are more than likely to lose you money. Otherwise you can join the political fiasco.
Here is some good advice for you. Don't take ANY advice from a YHOO board. I should have already told you that. I think newpauper told you, NO ONE REALY KNOWS!!!!If they REALLY knew, they wouldn't be WASTING THEIR time telling YOU, no offense.