Yes,
this is insightful Danny boy, TOO MANY SHORTS. This will rocket up tomorrow based on that fact alone.
I expect it to hang around 24 in after hours trading. But tomorrow morning, shorts will start to cover. It should hit at least 30 -- true it may come back down again, but not to 22 or even 25.
Foolish are those fools at Motley Fool who sold at 23, and were too dimwitted to buy back at 18.
I had to fight off margin calls and everything else to hang on to this one, and I took the trouble to accumulate even more.
The database industry, had a brief nap, and now, like a 1200 pound Grizzly bear coming out of hibernation, it will remind us all what a tremendous appetite it really has.
This industry is out of favor, and as it slowly comes back into favor it will slowly rise and rise.
We will see PLAT, IFMX and others benefit off of this good news tomorrow. But I think ORCL will have the best gains of all!
- RDH. |
