$Oracle(ORCL)$ Stephen H. Rusckowski, a member of Oracle's Board of Directors, bought 25,000 shares at an average price of $139.35 per share. Total investment comes to $3,483,800. There's no way he doesn't know this will be much higher in the near future. No way.
Cathie Wood and Ark Invest have laid out their base case $Tesla Motors(TSLA)$ price target at $4,400 by 2031. That would put the market cap above $17 trillion.
$Oracle(ORCL)$ A lot of people here seem to be betting that ORCL will drop, judging by their posts and reactions. That could actually work in favor of pushing ORCL higher faster.
$Oracle(ORCL)$ I'm fully confident Oracle won't collapse. The company has made it through every major crisis over the past 25 years. I could see it reaching 200+ in 2027 and hitting an all-time high in 2028.
$Oracle(ORCL)$ Not going to sugar coat this. Trading ORCL has been very ugly, but somehow I've managed to profit on every trade so far. Looking at that pink trading range, I've been gradually accumulating as it approaches the bottom, and selling as it approaches the top. That setup has worked over the past 2 months. Once we get into the 2-4 week window before the next ER on Dec 9, I'd rather hold and sell ahead of the announcement. In the past few quarters, ORCL rallied just before the ER and then dropped afterwards. $Defiance Daily Target 2X Long ORCL ETF(ORCX)$ $Direxion Daily ORCL Bull 2X ETF(ORCU)$
$Oracle(ORCL)$ Why do you think Larry Ellison canceled his $7.5B stock sale? That would have been less than 5% of his holdings. Then you have the $665B in backlog and the near triple digit AI cloud growth shown in the past few ERs. They have more than enough cash in the bank for the next 1-2 years of temporary cash burn before raking in the moolah. The stock is hovering around the 50 DMA, forming a strong base. I don't care if it is $135 or $150 now. Looking for $300s by end of 2027, $500s by end of 2028 and possibly $1000 by 2030. I can wait. And AI is here to stay whether you like it or not.
Oracle is showing signs of life. One day doesn't change a trend, but the relative strength and the bullish engulfing session in progress is notable. Follow-through and a push over the 146 area to end the week would be constructive. $Oracle(ORCL)$