“Q&A: Lost $80K Day Trading, 1031 Exchange ($2M), & Real Estate Investing in College”
Oracle has long-term upside potential but is currently fairly priced; recovery may take two to three years.
Last November, I bought 500 shares of Oracle stock at an average price of $311. That was a $155,000 investment. I bought them because I expected Oracle to benefit from the AI boom given its involvement in data centers and TikTok.
Currently, the stock has dropped to around $138 per share, which means I'm facing a loss of $80,000. My hope is that the stock can recover. I think many price targets place it in the mid-$200s , which could reduce my loss by about $50,000.
But my fear is that a recovery is n't guaranteed.