The oracle is telling a sad story. The Oracle of Delphi, Pythia, was probably breathing in natty gas; she was an ancient huffer. The Oracle above released earnings Thursday night and confetti was flying. Did you hear folks? AI is the best invention since sliced bread. Are you caught up in the hype?
ORCL flies +8% higher to 166 at the Friday open. Joe Retail, Savita Sucka, Bonita Bagholder and Sammy Sixpack were buying with both fists on the happy earnings report. The institutional money was all too glad to unload the shares on the bagholding suckers. After the first couple minutes, the joy turns to sorrow then to panic.
Oracle drops faster than a prom dress at midnight and then trails lower to 150 a near -10% intraday crash (in only 6-1/2 hours). Bonita and Savita complain that they are the bagholdin' sucka's. The oracle could not even predict such a faceplant after the confetti party. Everyone is Hardwired to be bullish these days addicted to the AI hype. Not too many folks have heard Stephen Wilson Jr. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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