Oracle, tech stocks, bubbles or probability

The attached study doesn’t imply any “told ya so” about today’s pending decline in Oracle’s stock price.

It helps show me that prices have ‘no business’ being 40% above their 200 week moving average and defying an eventual mean reversion…..

and also conditions me to taking the ‘fat part of trade’.

Equally, if the business isn’t broken, then there is also little chance that the stock price visits $35 either.

September 12, 2023

by Rob Zdravevski

rob@karriasset.com.au