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Oracle, like many other good companies, is the victim of manipulation by fund managers and analysts. It would have made no difference what earnings they had recorded. It would have dropped in value regardless. It was set up to fall. What I want to know is, what fund managers are still holding, and what managers aren't. Then I want to know who in the group shorted leaving the funds at loss. My first reaction leads me to believe Merril and Soloman are the ones responsible for the manipulations; Merril because of the recent announcement of cuts in salaries, the antecedent to desperation, and Soloman, just because of their practices. I want to see their records. Oracle profits up 36% over same period last year, sales up 5% and 10% in sector and it's downgraded? Give me a break. Is this what is now expected, that when a company stock doubles and sales and profits don't, it's price goes down in after hours trading? If this is the case, look out MSFT, AOL, etc. Are you reading this, John Reed Stark? |
