From last quarter result stock was doing better than nasdaq index. And got another boost with Warren Buffett share holding. But from. Last two days.,there is a sudden dive. No icrements this time. Something suspicious?
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No need for leakes, the news on q2 results is well known and obvious - they will be god awfully terrible, very bad, no good, especially when compared to the results of real cloud companies that have real cloud offerings and generate real cloud revenues, e.g., SFDC’s just released results. Eat your heart out LE!
Maybe some leaks have gone out about Q2 results?
What was this dip all about? Did they just run out of "propping-up money" for the quarter? Did they just let it go down before they give the bad news about Q2, so they can prop it up afterwards to make it look like the stock went up after the bad news?
We all know that the stock is heading down, down because oracle is liquidating itself with layoffs and no investment in product, but the path and timing are an open question because of the massive, massive share buybacks.
I dunno about that. Oracle is simply part of the general trend down in the tech sector.
Stop me if you've heard this before:
The stock will take a dive in late December, when SC/MH/LJE report how awesome Q2 was. The street will disagree, and there will be a massive selloff. Then, in January, SC will initiate another set of massive stock buy backs.
In the meantime, they'll also be tons of "Christmas Spirit" layoffs due to the reality of missing numbers.
Stock going down bad for employees because costs will be cut more and employees are costs.
Market may be catching on. In meantime LE is rising on list of bloomburg billionaires.