Oracle Stock (ORCL) has been pummeled over the last 5 weeks and today is down another 3%. This is a 38% retrenchment and yet nothing has changed at the corporate level. Next earnings are out Dec 8 and most analysts who follow the stock have increased their outlook. I like the stock and placed this trade today after discussing the stock in the morning Investing Strategy Notes for the past several days. Make sure to read the introductory notes for the trade and understand the risk of the stock falling still further.
The Oracle Stock (ORCL) trade alert provides the details and further comments.
This trade alert article is for FullyInformed Members.
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