Hope of a megadeal buyout. For what it's worth, it's just hope that some paranoid CEO will feel some crazy pressure to buyout CRM. I'm sure there are a few that would consider a buyout, but at a pretty decent discount to where this trades. Any deal of this size would very likely be severely punishing for the acquirers share price. That is why this is going to retrace down in the next couple weeks.
Quite a lot of short covering in 2015! 20 million shares covered, 16 million remain short, that's roughly an extra 100,000-share-buy, daily.
Ten million shares were covered between 6/30 and 7/15! & lots in Jan thru Mar.
Der punct: I imagine short positions grew recently with CRM near alltime highs. At least, there is plenty of dry powder for shorters to short this if they feel the urge. I personally didn't short it nor get long puts near the highs (sob)
How about that last hour today? Will traders feel grumpy in the morning?
feeling I missed the boat a little ... but still more fearful than greedy. Maybe CRM won't see 70 again but I imagine it will.
IMO, one more good-size military escalation, or any actual facts somehow escaping from China, would crush this market. Or what if we all realize that Trump is the next leader of the free world? crasheroo!
Stifel’s Top Tech ‘Analyst Select List’ Stocks to Buy for 2015
The Stifel analysts set their price target at $95
Keep shorting JOKER ! ....... quit posting with your 101 different id's ....listen_JOKER, checking_here, lost_like_2000, shares245, wforty .................................................
That fku_holly went away or changed his id, to not be crowing on this board about how he was right on this stock for years.
Nice to have reasonable conversations with those with differing opinion without name calling. Although, I do miss him sometimes..
Maybe one day it will be time to change strategies, but back to the point of how investor need to understand how compensations plans work in a high growth start up companies. As you can see several posters have research to do.