Less than 2 weeks after its bid for Bea Systems (BEAS) was summarily rejected, Oracle has found itself another acquisition target in Interlace Systems. Interlace provides operational planning software for business management purposes. No financial terms have been disclosed, but the deal is slated to close in November.

Oracle continues to perform strongly on the charts, with a recent dip in the shares bouncing easily off support from the equity's 20-week moving average. Meanwhile, the stock's 10-month moving average has not been violated since last February.

Despite ORCL's strong technicals, option traders remain skeptical of the shares. Its Schaeffer's put/call open interest ratio of 0.76 is at an annual peak, indicating a bearish extreme from the speculative crowd. So why all the pessimism? In our current climate of economic belt-tightening, it stands to reason that ORCL's penchant for acquisition might be leaving some shareholders with a bad taste in their mouths. So what do you think is Oracle a spendthrift?

SchaeffersResearch.com Poll

Has Oracle become a compulsive shopper?

Yes! How about a share buyback instead?
Yes, but it's not like they're Google.
No, they're just celebrating diversity.