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  • acfixer321 acfixer321 Aug 28, 2013 6:49 PM Flag


    guy says be long into ER on CRM.

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    • He was wrong when he said to buy CRM (pre-split) above 177. Perhaps now he has the need to believe that with the price below that and with the usual pre-report PR flowing that CRM will report GAAP earnings. Whatever his reasons, a bounce based on his comments occurred in the very thin, after hours trading. This reminds me of Cramer's bullishness three months ago, after hours on a Friday of the week before the report. CRM shot up ove 47, likely scaring out some shorts on a Friday afternoon. The stock traded around 42 after the report and dipped down to around 36 before coming back up to a lower high than three months ago. IMHO, short covering has already pushed CRM up as far as it will. Warnings that if numbers of soft tomorrow, they will be better later in their fiscal year are similar to the other times the hope of earnings has been push to later quarters and years. Estimates have been lowered. Their acquisitions have been questioned. Did they overpay? Have they squandered most of the money they borrowed? The comment "Kicking the can down the road" can apply to companies.

    • he was right when he said buy ORCL if it does not break 29.50 after last ER.

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