How ya feeling now Soot, still laughing? Like I said way back in September and you pumpers bump the message so I bump back, welcome to your underperformance and a terrible stock pick from an unethical greedy company, enjoy your losses pumper.
Sentiment: Strong Sell
Yes, so even the pre-market had some activity, which is unusual for CRM. People forget how fast these Wall-Street darlings drop when the party is over.
What's your impression of the volume today? Considering this is often a very quiet week in USA.
Thanks to Ultimate Stock Alerts (search them online) I avoided SALESFORCE and kept my shirt. Now I have more money to play with next session
All have sold around 60+++ in huge volumes. What does this mean, they all know that the CRM price anything above 52 is really HIGH. Let us wait for huge fall soon.
The three day rule applies to both short and long trades. After the perimeters for the consolidating channel has been set, a break up or down could still be a trap. The best risk to reward is the retracement point after a confirmed move up or down has occurred. "Patience is not passive, on the contrary it is concentrated strength," Bruce Lee.
When you say growth is merely "less stellar" then it was it would not be a problem for a stock selling for 15 to 20 X annual earnings. With CRM at 9 times revenue, and large bottom line losses, you got a big problem.
Yes I know why he sells a lot: he doesn't! Keeps over 97% of his position every year. Selling the 2% in daily dribs and drabs avoids nonsense about his timing and motivations.
As to why not going on with Cramer, sorry no clue. Speculating: Probably not invited, considering TheStreet downgraded the stock (I read that but have not verified it).
But why the downgrade from both "the street" and The Street? I think it is the reduced subscription growth. It still is stellar, but less stellar. As others have posted out, lots of computers will be selling based on reduced forecasts.
I do not expect any decent bounce; it should have happened already IMO; wishing it had.
What nobody can forecast is whether fiscal discipline will prevail. I think not now, but soon.
no, I would not buy this with your $. CRM is a Wall Street trading vehicle, nothing more. When this bull market ends, this stock will trade well below $20.
rest assured, it will indeed fill, and $54 had better hold or this thing is going to get pummeled. Short sharks are already circling, watch how they take a bite next week -- maybe not first thing Monday, but by Wednesday they will have sunk their teeth deep into this thing. I'd love another shot at shorting this above $60...
Floor trader on cnbc warning people that oil will go down on Monday and bring down the overall market. This means the mm will take the market the other way until they change their minds. When they turn bullish that's when the market will crash.
I'm a trader, I go short and long daily, with that said I knew the SPY would hit $207. When the market gapped up above 20, it sold off. Why was 207 relevant? It is the measured move of the large cup and handle pattern on the SPY. However, in a bear market, the market goes up in the morning and sells off. Lots of money to be made in this volatility.
Just a heads up guys, SID bounced off a major double bottom support today and the Brazilian etf EWZ just broke through three major resistance on high volume (trend line,20sma,50sma). They might punch it to 46.01 before they let up and leave the rest to retail consolidation.
You and Hapi are my kind of people, real thinkers and not just bystanders. I too am not GOP or DEM. I'm an American. I've lived overseas and in Socialist countries. I truly wish every DEM would live in such a country, their eyes would be opened that's for sure. America is now not much different than any Socialist country as we fall victim to our current Democratic liberal ideology, which if left unchecked will lead us to ruin.
The job creators are the now "enemy", the mantra now is "what can my country do for me" instead of "what can I do for my country". But not to be sad or fatalistic but the game already seems lost. Government is exploding, now 50% of all Americans get some type of government assistance. These Americans and government workers will continue to vote themselves more and more benefits and drag the entire country with it. Top down large governments do not work (read Antifragile), period. Now of course confusing the whole issue are pure examples of corporate greed gone wild like at CRM.
Sentiment: Strong Sell