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Oracle Corporation Message Board

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  • mikebert mikebert Mar 15, 1998 11:08 AM Flag

    CNBC 2

    apj1, writing about ORCL:
    "...even though in 1-2 months they maybe worth $18-$22/shr!"

    How do you see such a low value? You can't expect a general market turndown to drive the price down for you. Look at last
    year. The market peaked in Feb (SP500 at 816 on 2/18)with ORCL at about 27. Two months later it bottomed out (SP500 at 738 on
    4/11) at which time ORCL was about 25. ORCL fell about 7-8% in response to an overall market drop of 10%. Even if we were to see a
    20% correction in the next few months I would expect ORCL to fall maybe 15% from current values--maybe 25-26, but certainly not

38.19-0.03(-0.08%)1:15 PMEDT