$Oracle(ORCL)$ Even with all the bearish price action, the stock held the bull flag. Lots of chop in this parallel. It's a day trader's stock, and for longs who can handle the volatility.
$Amazon.com(AMZN)$ A massive bullish divergence is still in place. Price has retested within the downtrend. Earnings are about a month out, and the business is the most diversified, trading at a discount like Meta.
$Oracle(ORCL)$ $Oracle(ORCL)$ Selling a company with an absolute powerhouse of a balance sheet and a massive AI cloud backlog over a standard legal clause? The business is executing well and printing cash. This drop looks completely disconnected from reality. The rebound could come quickly.
$Oracle(ORCL)$ Ugly days are part of investing. Patience, longs, our day will come. And reducing the whole Oracle backlog to OpenAI having no money is kind of getting to me.
$Oracle(ORCL)$ When I was buying Intel, Iren, and similar names, every time I checked the news there would be reports about this financial investment firm buying 30,000 shares, another firm buying 120,000 shares. The same pattern showed up with Iren, NuBis, and others. Since September 9, I've been in Oracle, and I haven't seen a single financial institution in the news buying Oracle. The only buyers seem to be us retail holders. I heard about this recently. But I'm still hopeful, bullish, and a bit crazy.
$Amazon.com(AMZN)$ The pullback reached the Daily Blue Box area and set up a strong swing-buying opportunity. Longs were able to secure risk-free positions. Structure favors continuation while the pivot holds.
$Oracle(ORCL)$ FMV for Oracle is anywhere between $600 and $800 per share. Until we reach that price, I am not selling. So no need to Michael Burry this.
$Oracle(ORCL)$ What's going on in Japan? Anything come out of that or are we waiting for the October conference for any good news? I hope we see 153 again going forward. I'd totally unload everything I bought on the way down. It was glorious.