so that puts to rest that big players are dumping. Its the retail investors that have it wrong, lnkd shows this and crm will too, expect $150 after earnings. Revenue growth is where its at because that means steady maintenance fees going forward and increased cash flow. Once onboard sales departments aren't going to switch off salesforce.
Salesforce.com (NYSE: CRM) was the fifth largest new position that Fisher Asset Management took in the second quarter of 2012. The fund bought 2.7 million shares of the sales and customer relationship management company, which is up about 20% so far this year. Salesforce.com’s revenue growth has been strong -- 38% in the most recent reported quarter compared to the same period the previous year -- but its price assumes considerable growth in the future with a forward P/E of 62 and a five-year PEG of 3.
We could break $130 today
He didn't hold on too it too long. The only one to report so far in the most recent quarter 9/30
FISHER ASSET MANAGEMENT, LLC 09/30/2012 9,959 (2,672,226) (99.63) 1,495
Read more: http://www.nasdaq.com/symbol/crm/institutional-holdings#ixzz29lLbDzbx
And he has been dead wrong before on others, do your own work. Don't believ one second that these postions are not hedged. people like you get run over all the time. FAKE numbers, look at the financials.
You guys are way off, as CRM stock heats up, the daytraders and hedge funds start buying faster and more hand over fist.
Will be 175-185 the day before earnings and if they are as good as I am hearing they should be, they will gap this sucker up along with serious short covering for 220-240 a share, it could go 210 then run most the month of Sep to get to 220-240 that way also.
Crm has had both styles in the past and I hope all the slick talkers talking about shorting and buying puts really step up with those ideas and make them happen, will push us up faster and higher!
Yeah a Billionaire bought almost 3 million of CRM because he wants to lose money.
More like he sees what the experts see CRM just as good or right on the heels of VMW but with a market cap 20 billion dollars lower thenVMW
20 billion dollars behind other cloud companies can be a reason the same guys that pushed AMZN would push this 3 times as high % gains, and 3 times as fast and as hard to send a message!
This is one of the most stupid stocks to short right now if you ask me.
Bubble stocks go away 3 ways, after all the shorts have been killed too many times, no more buyers left to step up and pay higher.Something comes along that is better, that last one is not going to happen in CLOUD, Cloud is the future and salesforce. co m is a TITAN just starting to get what is coming to it!
Looks like a force down right now before the big push right up and over the 130 print!
news was not "leaked", and it isn't news. SEC filings were mined that describe what happened in Q2 - long ago, for a trader. at least the word "possibly" was used.
This thread looks weird to me because all the BS artists who I have ignored apparently jumped in to bash - all I see is a deluge of red X showing where the ignored posts are, and tigequeen apparently debating herself.
Yes, CRM is going down.
Those who are convinced to wait until 140 to short may find out CRM doesn't go that high and when they try to short at 120, they may find out there are no shares to short.
I find it interesting that those who say to short on a rally to 140, didn't recommend shorting when CRM was at 140. Then there were comments about shorting much higher than that.
If "big players" who wrote the CRM weekly puts can't get CRM as high as they want it, they'll simply have more puts to buy back later today or extra stock to sell on Monday. If Knight Trading could make a costly error, so could large puts writers.