Are they going to prop it back up? Or have they given up on that?
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They have no choice but to keep propping it up - LE’s borrowings against his oracle stock and and this the potential margin calls he must avoid. They are beyond the point of no return, pouring food miney after bad to prop things up. Anybody who continues to own the stock is an id--t.
The market at large is actually doing worse than ORCL today
All stocks are falling like rocks. Death to high-tech, death to America; only frauds survive.
the deadline for shareholders to join the CLOUD FRAUD lawsuit, filed August 10, was yesterday. With minimal positive news, Oracle had to spend over a Billion $ over the last few weeks alone to prop the stock up in hopes of deterring some of those shareholders from joining. More bad news on the way for big red.
Took huge dump at the bell, Taco Bell that is.
Seems, buybacks stopped.
OOW coming soon, so it will go down even more.