I commented earlier today (https://news.ycombinator.com/item?id=45197719) that their expenses are rising faster than their revenues and that when you account for inflation, Oracle is losing money (net income) year-over-year. How do these facts cause investors to increase stock price by 40%?!?! That's insane!
IAmGraydon•5mo ago
The stock market no longer works for its intended function (price discovery) due to the fact that they’ve made access easily available to the lowest common denominator. It’s just a way to gamble now.
I have to say though…it’s pretty funny watching Elon get dethroned as the world’s richest person.
taylodl•5mo ago
It's making it really hard for us dollar-cost-averaging investors!
underlipton•5mo ago
Retail doesn't have the money to push moves like this. Whatever this was, it was driven by big money, reacting to mechanical impetuses. So my guess is that it had almost nothing to do with the announcement.
lhoss•5mo ago
That's why I bought some out-of-the-money (I call "lottery") PUT options in early trading, near +40% , exp in 3 and 6 months. Let's see how they pan out :P
taylodl•5mo ago
IAmGraydon•5mo ago
I have to say though…it’s pretty funny watching Elon get dethroned as the world’s richest person.
taylodl•5mo ago
underlipton•5mo ago