#Oracle to invest $1 billion in a partner program
When I saw Oracle was putting $1 billion toward its partners, my first thought was that it sounds like a lot—but spread over four years, it doesn’t seem quite so impressive.
The news has only been out for 0.3 hours. $ORCL is currently at 125.3, down 0.52% over the past 24 hours, with a 4.14% intraday range—a difference of more than five dollars between the high and low. Trading volume is about 22.6 million, and the market action doesn’t suggest anyone rushed in ahead of the news.
I’m leaning bearish: this feels more like a long-term commitment with a strong PR angle, and it won’t change much in the short term. If it climbs back above 128.12, I’ll admit I was wrong—that would mean the market is treating this as genuinely good news.
Do you think it can hold at 125?
When I saw Oracle was putting $1 billion toward its partners, my first thought was that it sounds like a lot—but spread over four years, it doesn’t seem quite so impressive.
The news has only been out for 0.3 hours. $ORCL is currently at 125.3, down 0.52% over the past 24 hours, with a 4.14% intraday range—a difference of more than five dollars between the high and low. Trading volume is about 22.6 million, and the market action doesn’t suggest anyone rushed in ahead of the news.
I’m leaning bearish: this feels more like a long-term commitment with a strong PR angle, and it won’t change much in the short term. If it climbs back above 128.12, I’ll admit I was wrong—that would mean the market is treating this as genuinely good news.
Do you think it can hold at 125?