The words "revisionist history" come to mind. Cramer turned negative on CRM AFTER it had dipped under 100, not when it was anywhere near the 160 from where CRM had fallen over 60 points. He seemed surprised, possibly because he has had a "budy" relationship with MB, at least in the past. I haven't watch Cramer's show this year. I read on the site that Cramer has turned neutral on CRM. But then he tends to say to buy on dips, such as he did with DECK, until a stock has gone down precipitously. Then he turns negative. In such situations in the past, I heard him telling people to take profits and then have any retort from the caller shut off. My guess is the callers would have said there were no profits to take or that they had losses, not gains. These are just my observations and opinions.
What you idiots fail to understand is IF THE FUNDEMENTAL CHANGES SO WILL CRAMER'S SENTIMENT. With DECKERS, we had a very mild winter so you know that will affect Uggs sales. If you still went long DECKERS, then you are dumb. Cramer stopped recommending DECK BECAUSE FUNDEMENTALS CHANGED.
Paul, I have been trading CRM when it was trading in the $40 range. The shorts were pounding on this then and its up almost $100 since and they are pounding on it now. Same song and dance about valuation, P/E etc. They just don't get it. This board reminds of LULU board where everyone was short at $27 (pre-split), now tading at $148 (pre-split).
This is about a growth premium that has been pushed up to extreme levels.
I was also long CRM at 40. I wasn't posting then. The question now is whether CRM will get back down to 40 in 2012 or just down to 80 or 90? Once the "big guys" have sold (and yesterday's volume was one example of it and there could be higher volume yet today), CRM will cease being a momo stock. Then the hedge fund shorts' pr won't be met with counter pr.
I don't have position in LULU or in other likely overpriced stocks such as CMG, but they are likely to drop, too.
Yes, it reminds me of LULU back then. I guess me and you were on that board at the same time. Who buys $100 yoga pants and its just a fad comments. I bet if I go on that board, you can probably see the same kinds of comments.
Most people cannot identify unique businesses like lulu, LNKD or CRM at early stages; they are usually in disbelief about the valuation. They tend to look for cheap PE stocks, which usually end up being bad investments unless there is a good dividend.
Based on the all the negativity, now waiting for the next big analyst call next week to shock some shorts to start covering. If that does not happen, it goes up anyways but slower pace.
"Based on the all the negativity, now waiting for the next big analyst call next week to shock some shorts to start covering. If that does not happen, it goes up anyways but slower pace."
Well, Paul, with your recent comment about CRM growing to 170 or more, I guess you expect that we gonna take you prediction with a grain of salt?
Good timing to get out of the stock today, you should think about it before its too much painfull.
Have a good day.
The more ANALyst calls, the more brokerage upgrades, the more Wall st says; "it's cheap", the more Cramer is "pounding the table" the more they DISTRIBUTE this POS.Save your money dude. Really, save your dineros. What part of overvalued don't you understand?
Again good luck, I got some tradin' to do.
really, Sometimes I am early on an idea and later Cramers identifies like I did with LULU. Sometimes he mentions something and I research it myself and come to the same conclusion. The research is my own though. He is good at identifying new or emerging opportunities but I don't pay attention to his comments on regular stocks. The kind of stocks he has in his charitable trust that he trades do not interest me at all.
CRAMER IS ALWAYS RIGHT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WHAT DO YOU HAVE TO SHOW FOR FROM YOUR TRADING? ... ATLEAST HE HAS MADE MILLIONS. THE PROBLEM IS FOOLS LIKE YOU DON'T UNDERSTAND HOW TO TRADE HIS PICKS.