% | $
Quotes you view appear here for quick access.

Qorvo, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • onepoint272 onepoint272 Nov 19, 2011 11:38 AM Flag

    CRM likely a good end-o-year rally candidate.

    <<Didn't even break $109, at least not yet.>>

    It will, I think. Gapped to the bottom of the range on 27% greater volume than the Aug 19th push into the same's gone. Perhaps a bounce back into the gap ~120 to 124 and then lights out. If it gets under $98 then the $60 area is game.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If you look at it relative to the market, CRM is actually getting stronger.$SPX&p=D&yr=1&mn=0&dy=0&id=p46515580632

      Certainly, CRM is a good market crash candidate, but then I don't think the market is going to crash till next year.

      What it is, is deeply oversold, even compared to previous declines in what will likely prove over time to be the top (109-160).

      Eventually the low margin nature of the business, and eventual topping of revenues will take it down hard. The cloud is still a very fast growing market and CRM appears to be growing strongly, but neither are immune to the economy.

      INTC has been growing along with the cloud and could hit 28 in a year end rally. They appear to be on a ramp of a new growth curve for the company, beyond the PC and into cloud servers and eventually handheld devices.

      I'd add intc on any weakness at this point, which I would expect to only be caused by the economy as a whole.

16.590.00(0.00%)Dec 31 4:00 PMEST