How can anybody be so dumb that they still own oracle stock? Mind boggling!
Oracle cloud offerings s---, customers hate oracle, cloud revenues are pure fiction, and management, especially the 3 stooges, are grotesquely overpaid baboons. If you have any brains run to sell your oracle stock before it craters.
Bam Bam Corn Holed Bam Bam
You are missing the point my friend! He was cruising at one valuation for a long time and then the market woke up and 💥 bam, the valuation went down as investors realized all the issues ge faces. That’s oracle in a nut shell, the 💥 bam moment is coming. Be afraid, be very afraid if you have money tied up in oracle stock.
"What happened to GE?"
A quick look at their income statements for the past few years shows that their operating expenses grew faster than their net income. They are still profitable, but less than before.
GE has a very diverse portfolio of LOBs: credit, lightbulbs, locomotives, jet engines, etc. They've been divesting LOBs in decline, and they have a lot of those these days, and sometimes it can cost $ to unload them.
What happened to GE? It was cruising and then one day the world woke up and 💥 boom, it crashed. That’s oracle for you. You think you can predict when it will crash? Good luck with that. One day you’ll wake up and Ooops!
I bought a boatload a few years ago at $29. Regardless of how I personally might feel about Oracle I'm not selling any time soon because it WILL continue a general upward trend. The yo-yo's at the top will see to it because their multi-millions in bonuses depends on it. I don't care if it's based on fiction - as long as the analysts and institutional investors keep buying into their sales pitch, it will keep going up.
I bought when it was 34 a share a couple of years ago....what's the price now? Oh yeah, over 50! Who's stupid now?
I sold all my oracle stocks!