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Callidus Software Inc. Message Board

  • technicalinvestor007 technicalinvestor007 Apr 4, 2014 9:58 AM Flag

    Cloud and SaaS companies growing disfavor especially based on EPS

    The cloud/Saas sector is showing signs of rotation which will hurt most that do not show profits and have a valuation that is supported by their price per share. It does appear to have hit a triple top in late with bouncing action to the downside that is likely to continue lower towards that 200dma around 10.40 area imo. Will watch and see and that will likely coincide with their earnings announcement which could turn this around or put pressure as has normally been the case in Q1 area to push it down further.

    Sentiment: Strong Sell

18.21+0.02(+0.11%)3:56 PMEDT