Yes, as I posted earlier my long waited buy order @65 got filled on Fri. and sold naked puts. I don't buy any on option expr., but sell options. Yes, I'd buy ORCL in mid '70s.
Most folks know that techs will slump during summer, it might change soon. Savvy tech investors will nibble in as soon as May rate gets clear up, imho.
For example, everybody knew that SEMIs go up from Sep for yrs, so it started to go up from May last yr and peaked during Sep instead of Dec.
siliconinvestor.com
If one is a follower, it's safe to wait for break out to buy, if you are a long term and savvy ones, you have to get in when sentiment is so low but great fundamental.
In general, ORCL's 4th qr is the strongest and 1st is weak one. But because everybody knows about it including LE, I bet ORCL will work very hard to smooth out that wrinkle for this yr. So I'm not waiting for summer to pick up more ORCL, I'm working on it Now. Can't make much money if one is a follower, imho.
later,
InSook Prasad |
