You are correct that stocks don't trade on fundamentals presently, since computer programs now rule 90% of all trading acitivity. But this is exactly why stocks tumble so hard so fast also, because once the buys programs turn into sell programs, there is nobody willing to step in to catch the falling knife. This is why CRM is continually manipulated with gap ups above important MA lines, every time it touches them to the downside. It has been a most masterful manipulation past 3 years, I have watched every day. Problem is always the same in the end, all bubbles eventually pop, this will be no different. The bubble will pop and the stock will crash, always does. Still important gaps in this stock at $108 and $45, and these gaps will fill, trust me...they always do!
LOL. If you are longs, you should really look at what kind of pumper idiots you are with. This guy had absolutely NOTHING good to say about CRM. Only empty pumps. I have seen people just like this in every bubble stock before. LOL. Fundamentals do not matter? Only if you are trying to pump a stock with NO fundamentals you would say that. LOL. This company cannot even make a penny of profit.