The following is simple comparison of Oracle’s 1999 and 2025-2026 chart pattern. This is not, in any way a recommendation. It is simply a Deja Vu moment where Oracle Market Maker(s) appear to be repeating a chart and accumulation pattern. There are many pitfalls with this company, as noted below.
On August 26, 2026 it was noted that Oracle’s volume had taken on the characteristics of what has typically been seen as extremely large Market Maker accumulation activities. This is very similar to what occurred in 1999.
Grok provided the following summary:
The sharp decline in 1999 was attributed to:
– weaker-than-expected license revenue growth (database licenses ~+10% vs. expectations of 15–20%; applications ~+5% vs. ~20%),
– a delay in shipping the Oracle 8i database
– subsequent analyst downgrades
– Y2K-related slowdowns in enterprise software purchases and
– lingering concerns from prior soft results.
In 2025–2026, the stock declined to its current range due to:
– Explosive capital expenditures for AI data centers producing large negative free cash flow and requiring heavy debt/equity financing
– Heavy dependence on OpenAI contracts and skepticism about that customer’s ability to meet massive commitments amid its own revenue figures, ongoing losses, and “circular” AI deal dynamics.
– Execution risks such as power/infrastructure delays at major sites, slower conversion of backlog into near-term revenue and profits, missed forecasts, and a broader shift in investor focus from growth backlog metrics to balance-sheet and cash-burn risks amid AI spending concerns.
Looking at this from a Market Maker’s perspective…..
When corporate insiders are selling, institutions and Market Makers are buying. The following shows their activity.
See: Insider Trading Activity
See: Institutional Holdings
1,599 institutions decreased their positions
1,832 institutions increased their positions, including Vanguard, Blackrock, State Street, Morgan Stanley, etc. Note that Susquehanna International Group, and Citadel Advisors (both Market Makers) also increased their holdings. Caution: Do not try to outsmart these groups. They can see your order flow and limit orders.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
