Should i believe your analysis or the Goldman analyst who has been absolutely right for 5 years on the stock??? She says it's going to $68...Tough call between you clowns and Heather.
Rasta - As you stated... Nibbled at 52.25, next buy 51.50. Have you sold these positions at a loss?
You say short term sell, but you flag as a buy? Are you buying or selling? Or holding Or waiting to jump in?
CRM was not a value at 35 billion, it's not a value at 30 billion. We are talking about a company that is not making money. They have revenue of 4 million this year, but will lose 250 million? They can't grow and make money.
This company is worth 2 times revenue tops. We will see over time.
Has anybody ( aheemm..) seen stoned Chinese Momo bearing butterflies in need of customer find yer bearings management ?
Sentiment: Strong Sell
a nice theory, but previous weeks had inflows.... oh well.
The first sell was caused indirectly by a butterfly in China.... Then, momo.
"By Sam Forgione NEW YORK, Dec 12 (Reuters) - Investors in U.S.-based funds pulled $6.51 billion out of stock mutual funds in the week ended Wednesday....."
The general public holds mutual funds and when they decide to sell a lot, the pros that run the mutual funds must sell stock. Lots of funds and ETFs own CRM. Maybe redemptions started the recent fall in price. (I lack previous weeks' data) Then, it became a momo play to the downside.
Managers can have their cake and eat it too by selling CRM in particular:
--take big profits
--balance their allocations
--sooth fear and pain due to falling price and underperformance (lately)
So IMO this will head further down in the next week or two. Buying all the way down, my next buy will be below 50. But for short-term trading, CRM is a sell.
I had expected CRM to give me a negative bottom line today, but my bottom line is positive. I've closed out my CRM options positions now, but continue to hold my CRM core shorted stock position.
Will there be shenanigans by the end of today?
CRM is a Ponzi scheme...this folks is the next Enron