I commented earlier today (https://news.ycombinator.com/item?id=45197719) that their expenses are rising faster than their revenues and that when you account for inflation, Oracle is losing money (net income) year-over-year. How do these facts cause investors to increase stock price by 40%?!?! That's insane!
IAmGraydon · 4h ago
The stock market no longer works for its intended function (price discovery) due to the fact that they’ve made access easily available to the lowest common denominator. It’s just a way to gamble now.
I have to say though…it’s pretty funny watching Elon get dethroned as the world’s richest person.
taylodl · 4h ago
It's making it really hard for us dollar-cost-averaging investors!
lhoss · 4h ago
That's why I bought some out-of-the-money (I call "lottery") PUT options in early trading, near +40% , exp in 3 and 6 months. Let's see how they pan out :P
I have to say though…it’s pretty funny watching Elon get dethroned as the world’s richest person.