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Monday, November 5, 2007

Stock pick: Short (ORCL) and make money


Oracle (ORCL) walks out on BEA Systems

Oracle Corp (NASDAQ: ORCL) withdrew a $6.7 billion (or $17 a shares) bid for business software maker BEA Systems Inc (NASDAQ: BEAS) on Sunday, setting the stage for a proxy battle between activist investor Carl Icahn and the BEA board.

(ORCL) has strong signal towards downward movement at $20 ish levels.

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