David McLean Oracle ORCL-N HOLD Mar 07, 2001

Hasn't had a chance to look closely at yesterday's earnings. Stock's at a 52-week, if not all-time, high today. Looks interesting, given the cloud space it's in. Not expensive at 2x PEG, with forward PE of 29-30x. Earnings growth rate ~16%.

Technically, meets his criteria. 200-day MA is trending higher, and price is above that. High beta, volatile.

Is seeing billions in orders to build data centres. It popped 4% today, up over 31% this year.

Is in the sweet spot, AI, and giving excellent results. Momentum is there. All systems go. The only negative is its valuation, but its momentum trumps that.

People think of it as legacy databases and old technology. Slowly emerging as alternative player in the cloud. Joint Stargate project is exciting, includes $500B infrastructure push. Low base rate, so this pivot provides a revenue acceleration opportunity in cloud.

Rolled all his option from the 8/22 expiration to the 8/29 expiry. Net credit of $16 at the same $237.50 strike.

Has tripled for him over 2.5 years, though has trimmed a little a few weeks ago only to manage risk. Is up 42% this year. Is key in the AI build-out long-term.

They could no right until the current CEO reinvented the company as a data centre kingpin. Shares jumped today on news of expansion in their data centre strategy. They report Tuesday. Good numbers could spur profit-taking.

Went into yesterday with a 6% position in his fund, now just above 8%. Probably won't trim until it gets between 9-10%. Backlog was 360% more than what was expected. 

Views it same way as IBM. Both are legacy technology stocks. But then the light went on and they got into the cloud and data centres. 

Soared 36% today on their forecast on gigantic data centre growth.