PINL:OCLCF - Post by User
Comment by
Redskin88on Apr 27, 2002 11:34am
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Post# 5054514
RE: oversold: time to start buying ?
RE: oversold: time to start buying ?Based on the lowered guidance of earnings of 40cents.
At 25x, its not cheap by most standards, but in this case Orcl historically trades at 25-30x's.
If software spending "softens" even more, your right it will probably trade down to 8. If thats your view, short it or buy puts on a rally day.
88.