This could get ugly for shorts, with as much talk of over valuation over bought status, shorts are piling on here, BUT bulls keep up the pressure which is causeing this price rise as shorts cant get a footing and have to cover.
We could end up with another CRM here, way over valued way over bought but still ragging higher.
Not really, when you are net short close to $60 and the price targets except one are all under $55, I would think the risk/reward is there for downside potential. NASDAQ hit a key technical level re-tracement from all-time high at 3121 and as expected backed off. This qtr will be a positive blip, that's all.