OUR PREDICTION ON HURD IS COMING TRUE
In this blog, we suggested early on that the rumor of Mark Hurd joining Teradata (TDC) was senseless. We have been lightly scaling in a short position in TDC. As big institutional money and hedge funds bought into the rumor, TDC price has been running up.
This weekend , there are several stories in the press that Hurd is going to Oracle (ORCL). We have no independent verification, but the stories make sense. Tomorrow morning, we suggest becoming aggressive in short selling TDC including adding to the short position in the pre -market.
We do want to caution that it will be easy for the trapped longs in TDC to start a new rumor that With Hurd at ORCL, ORCL is about to buy TDC.
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September 6, 2010