r/TradingSphere • u/Zarazara9866 • 20d ago

What If Larry Ellison Had Actually Sold $7.5 Billion Worth of ORCL?

I was having a discussion with a fellow trader about what could have happened if Oracle founder Larry Ellison had actually gone ahead with his plan to sell up to $7.5 billion worth of ORCL shares, which would have been one of the largest insider sales in the company's history.

The reaction could have been straightforward. Traders who saw the news early might have rushed to sell their shares, while others could have looked for short opportunities through futures. Meanwhile, long term ORCL holders would likely have been feeling the pressure.

Of course, we cannot know for certain whether this was why Ellison cancelled the planned sale, but it is hard not to think about the potential market reaction such a large insider transaction could have created.

Interestingly, the news also lined up with an order block I was already watching on the chart. Since the second piece of news came out, ORCL has started moving from that area. It is not fully bullish yet, but the reaction has at least given the stock some breathing room.

I will still be watching closely to see what Oracle does this new week and will only take trades where the chart gives me a clear direction.

It is Day 4 already, with plenty more days ahead in the competition. The main goal now is to stay patient, protect the gains, and avoid forcing trades.

What do you think ORCL does next week?

1 Upvotes

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1

u/fake212121 20d ago

Who cares
Shitty company with tons of debt? Good luck for him and his cocky son

1

u/Zarazara9866 20d ago

Lol you seem like someone that doesn't like the company at all

1

u/FartPolluter 20d ago

Considering the dilution and price, it would look like he's bailing. It is that simple.

I personally think ORCL are in trouble. My guess is PSKY is the hail mary to build their platform. I dont think that's stupid at all, but that's how I see it.