Ye of litte faith (or actually, little knowledge). What you see happening now is just year-end window dressing. The market makers that I have spoken to say that year-end window dressing by the institutional crowd, combined with those individuals trying to offset gains incurred this year on other investments, will force Oracle to remain in the 22 range until year-end. Watch for the stock to rebound with force in mid-January.
My own view favoring a January rebound is in line more with insidehelp's: yearend window dressing by the institutions -- the large players who caused the one day price dip after the earnings report -- is responsible for much of the current price level problem I think.
They will come back in quickly in January, once their yearends are filed safely and they are free to use hunches again -- they always do this. Hunches, for a careful portfolio manager, go in the direction of "undervalued companies" -- the Buffett approach, among others -- and Oracle certainly is in that category.
Asia is out there as a concern, of course, and there are other things not least of which is Oracle's own "core business" / earnings problem. So I am looking for a partial but still significant January ORCL px recovery.
Oracle stock will surely rebound because it�s a good product. But to say it�s going to rebound by mid-January (by how much?) is more of a an opinionated guess based on what you have gathered from �market makers�. Nobody has ever yet predicted the direction of the stock market. The �Bearish� have been taunting the coming of the bear market years ago just because we have been in a bull market for so long. But look , we are still in the bull market except that we get some jitters occasionally like we have now.
I just get the idea that you maybe thinking that Oracle may go back to its high 40�s by mid-January. In a micro level, Oracle may not rebound significantly as you may have thought of by that time. Oracle is a global company and she�s hurt by the failing economies of Asia. Predicting a significant rebound next month is like saying the Asian economies will be back to where they were before Oracle�s stock price at 40�s. What I am saying is that, there is more to than just making a short term prediction as yours. Oracle remains to be depress for as long as the Asian economies are depressed.
I totally agree, all those money and fund managers that loved Oracle at 33 will be drooling in January at 22. Personally, I bought at $23 and do not have any qualms whatsoever that it will come back and strongly.