$Oracle(ORCL)$ That looked like a final shakeout to clear out weak hands and swing traders. From here, I think there's a path to ride this toward $300. Price targets from reputable analysts range from $300 to $400. I plan to just sit on my hands and hold until we get there.
The fastest path to long-term wealth is accumulating great companies when the market gives you a discount. $Oracle(ORCL)$ is a $260 stock trading at $120. $Rocket Lab USA, Inc.(RKLB)$ is a $120 stock trading at $67. $Atlassian Corporation PLC(TEAM)$ is a $180 stock trading at $81. $Netflix(NFLX)$ is a $100 stock trading at $68. Great businesses at attractive prices are where patience can pay off. I'm looking to focus on names that are setting up in strong groups.
$Oracle(ORCL)$ The $Alphabet(GOOGL)$ earnings are a solid, indisputable proof that the cloud computing business is absolutely booming. Oracle is the leader in the data center cloud computing business.
$Gorilla Technology(GRRR)$ $Oracle(ORCL)$ Over the past five years, Google has consistently been one of the top three most successful companies. They're investing in AI infrastructure capex as aggressively as possible and have stated they want to do even more. So, either Google has suddenly lost its mind, or Oracle and others are making the right moves. The recent sell-off in Oracle seems completely overdone.
$Oracle(ORCL)$ It's generally not a great idea to bet against the company that pioneered the entire industry. No risk means no reward, and Larry seems to understand that principle very well.
$Oracle(ORCL)$ One thing I've noticed in the market is the recognition for quality and oversold companies. Regardless of the day's broader moves, if something is seen as quality and oversold, it tends to attract buyers. I'm not completely certain about where ORCL stands on that scale, but from where I stand, it feels more like it fits the "quality and oversold" category.
$Oracle(ORCL)$ A lot of the short sellers getting too greedy might end up pushing this back up, in my view. I'm still looking to add more at $118 if it reaches that level. It seems like institutions can't really build a large position without shaking out the leveraged traders and the less committed retail holders.