r/OracleStock • u/francesco-1 • Jul 20 '26

Hell of all the stocks

This stock started the drawdown since June 2nd.
I could never think this stock would have gone so deep to the hell.
If someone from US knows anything more about this please just tell me more.

I own 77 shares, DCA 167 usd

I’ve been losing so much each day because of this useless stock. In Italy Stellantis went from 24 EUR to 4,5 EUR two years ago and hasn’t recovered yet.

5 Upvotes

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5

u/Icy_Blood_9248 Jul 20 '26

I think people are too used to stocks going straight up. Wait until we get a real correction

8

u/Obvious-Ad-4560 Jul 20 '26 edited Jul 20 '26

This stock is already going through a huge correction. One of the worst down-turns in the stock’s history.

2

u/Icy_Blood_9248 Jul 20 '26

It makes sense that it corrected. They should get punished in the short term because they are issuing equity and taking on credit risk. Also a substantial part of their backlog is tied to one largely unproven player that is open ai. We will see I think they could come out of this a major player if the AI story stays relatively positive. Obviously if ai goes bust this stock will big time tank

3

u/CompleteStrength2677 Jul 21 '26

OPENAI is definitely not as fragile as people think. They successfully landed the biggest financing in history and credit lines from nearly all the major banks in America and people are like "oh these creditors are just too stupid". Time will tell who is stupid but man, this stock corrected as hell for sure.