Roger,
I don't get the ORCL selloff either, based on the P/E of less than 16 and a stock that has been cut nearly in half since January, it just doesn't make much sense.
Of course, the reaction to the AMCC warning surprised me too, as that stock still carries a very healthy pro-forma P/E, and is now experiencing declining revenue.
I don't trade either stock, and don't plan to anytime soon. AMCC looked to me like a massive short squeeze, and since everyone had their eye on it, the rest of the market went along for the ride.
I'm sure hope we get the same out of ORCL tomorrow, but kind of doubt it, would'nt think ORCL has the same short interest as AMCC, BWDIK.
If I were an Oracle fan, I think I'd be a buyer tomorrow. |
