{"id":41305,"date":"2015-06-21T09:30:23","date_gmt":"2015-06-21T13:30:23","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=41305"},"modified":"2023-04-27T05:06:01","modified_gmt":"2023-04-27T09:06:01","slug":"oracle-had-a-fundamental-catalyst-that-made-it-a-good-short","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/oracle-had-a-fundamental-catalyst-that-made-it-a-good-short","title":{"rendered":"Oracle Had A Fundamental Catalyst That Made It A Good Short"},"content":{"rendered":"<p>ORCL reported disappointing earnings after the Close on June 17th. The next morning it\u00a0traded lower before rallying back $2 with the market.\u00a0I had two reasons why I thought it would roll over again the next day. One, I believed the large market rally the prior day was the primary driver of its bounce from 41 to 43. Two, after large funds had a chance to digest the earnings release which showed disappointing subscription numbers they would sell, because SAAS is the only major catalyst for ORCL at this point which I am aware.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-idea.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-41306\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-idea.jpg\" alt=\"orcl short idea\" width=\"586\" height=\"65\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-idea.jpg 883w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-idea-300x33.jpg 300w\" sizes=\"auto, (max-width: 586px) 100vw, 586px\" \/><\/a><\/p>\n<p>The above graphic is from the pre-market\u00a0game plan I write out each day so it is easier to follow along during our <a href=\"https:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\">AM Meeting<\/a>. I entered short just below 43 on the Open with downside targets of 42 and 41.60. The price action confirmed my thesis at 10AM when sellers quickly pushed it from above 43 to below the opening low. I am currently still short and would look to add to the position on the Open Monday if it traded up to 42. If you are interested in why I shorted Netflix as well the post is <a href=\"http:\/\/www.smbtraining.com\/blog\/why-netflix-was-a-short-today\">here<\/a>.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-trade.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-41309\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-trade.jpg\" alt=\"orcl short trade\" width=\"604\" height=\"294\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-trade.jpg 854w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/06\/orcl-short-trade-300x146.jpg 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com.<\/p>\n<p>Steven Spencer is currently long\u00a0BABA, KING, LOCO, MNKD, OHRP, TWTR, WMT and short NQ, ORCL<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ORCL reported disappointing earnings after the Close on June 17th. The next morning it\u00a0traded lower before rallying back $2 with the market.\u00a0I had two reasons why I thought it would roll over again the next day. One, I believed the large market rally the prior day was the primary driver of its bounce from 41 to 43. Two, after large &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/oracle-had-a-fundamental-catalyst-that-made-it-a-good-short\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":41306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8,1373,15],"tags":[4083,2647,469,4490,190],"class_list":["post-41305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","category-steven_spencer_steves_blogs","category-trading-lesson","category-trading_theory","tag-catalyst","tag-fundamental","tag-good","tag-oracle","tag-short"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oracle Had A Fundamental Catalyst That Made It A Good Short | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/oracle-had-a-fundamental-catalyst-that-made-it-a-good-short\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oracle Had A Fundamental Catalyst That Made It A Good Short | SMB Training\" \/>\n<meta property=\"og:description\" content=\"ORCL reported disappointing earnings after the Close on June 17th. The next morning it\u00a0traded lower before rallying back $2 with the market.\u00a0I had two reasons why I thought it would roll over again the next day. One, I believed the large market rally the prior day was the primary driver of its bounce from 41 to 43. Two, after large ... 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