Oracle stock booms 40%, on pace for best day since 1992 (opens in new tab)

(cnbc.com)

10 pointsnova220339mo ago5 comments

5 comments

5 comments · 2 top-level

taylodl9mo ago· 3 in thread

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!

IAmGraydon9mo 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.

underlipton9mo 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.

taylodl9mo ago

It's making it really hard for us dollar-cost-averaging investors!

lhoss9mo 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

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