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  • jkanalysis jkanalysis May 14, 2012 1:11 PM Flag

    UP 57c - Is this what's called - A SHORT SQUEEZE

    Foxy, I know you're trying to "educate" the longs, but I believe they're not close to being in the correct frame of mind to 'get it' . Here's the question for you - At what price do you think the "longs" will 'suddenly' figure out - "it's time to get out; this stock is going down". I'm going to personally guess (as always , based on the charts), at $42-$43. And coincidently, we should actually get a rally at that point in crm to around $70- $72 (and you and I and other shorts who took profit at $43 can reshort at $70). What's your guess as to when the longs will "get nervous and sell" ?

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    • I don't have an answer to your question. I can't even tell which (if any) of the professed longs are authentic. While a bounce to the 70-72 range after dropping to the 42-43 area would be nice, those wishing to re-short then would be competing with the massive short positions money managers might take when CRM makes a new low, undercutting the 93-95 price range of the November, 2011 low. Notice how price reports recently have been about the 2012 calendar year prices and not about the 12 month highs and lows?

 
CRM
54.21-0.09(-0.17%)Jul 11 4:00 PMEDT

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