Yesterday I already said that Oracle would need to continue falling by more than 30% above $145 to stabilize, and countless naive investors attacked my return rate. I was trading weekly options—sometimes you win big, sometimes you lose big, that’s just how it is. And I don’t just have this one brokerage account.

A stock analyst once said: Never buy stocks in a downtrend. Just look at Oracle’s free-fall since October—it perfectly illustrates this point.

A drop from $300 to $100 is only a 66.6% decline. If you buy the dip at $200, it could still fall another 50%. If you buy at $150, it could still drop another 30%. What I’ll do is simple: wait. Wait for the Nasdaq to bottom out and stabilize, wait until you all can’t take it anymore—then I’ll buy Oracle again.