$ORCL down 36% from its ATH
It seems to me that Oracle’s drop of more than 36% from its peak isn’t entirely surprising and, in my view, may offer an interesting opportunity—but it’s definitely not without risks. After the sharp rise Oracle experienced, investors are somewhat “out of breath.” That growth was driven by an enormous backlog of orders—the company reports remaining...
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After the recent run-up it’s still expensive and I wouldn’t invest in it now. I’ll definitely wait longer and buy at a better price.