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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?

61.72+0.75(+1.23%)Oct 30 4:03 PMEDT

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