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Workday, Inc. Message Board

  • chetgillespie chetgillespie Feb 3, 2014 10:43 AM Flag

    Investment Banks Working Overtime

    to keep WDAY artificially propped up. NASDAQ is barely below its 52 week high, but when it eventually capitulates nothing will keep tech stocks up. When the tide goes out...

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    • It's hard to say when that is because these CRM SaaS plays such as this one, NOW and CRM for 3 keep growing revenue and beating softball estimates from the crooks and all have no GAAP earnings but revenue growth is being rewarded although all of these companies are vastly overvalued by any fundamental analysis method.

      That said, it only takes one week number or one or two of the crooks firms to turn tail and it is quite possible the run for the exits will be a crowded one.

      NOW blew away their estimates and raised guidance for 2014 and gapped up huge. It has been fading ever since but the market has been down a ton too so it's hard to say if valuation is coming into play or if that gap is simply filling (still not filled).

      Valuation eventually matters as does earnings.

      Good luck.

      Sentiment: Sell

 
WDAY
78.00+0.18(+0.23%)May 26 4:02 PMEDT