i don't have a good feel for this stock at all. sometimes that happens.
moved into Feb 7th 57 puts on CRM, it is up over $2.00 i don't think the
pump will last. whatever happens here i'll never touch this pos again.
Snowball you've got to take a close look at that SHORT interest before you lay down your PUTs or your going to get creamed almost everytime. I would really stay clear on any position with a SHORT interest over 5% or play the security LONG for a TRADE. Of course, ADBE with a 1% SHORT interest is up again on another mixed day but at least its not flying away like ICPT! Stay in touch.
This sure is a tough market to play on the downside, BUT I really think you should stay off CRM due to the HUGE short interest. According to Yahoo Finance the short interest is a whopping 76.50%. Come back to ADBE with a 1% short interest and Insider Selling OR try some momentum plays to the UPSIDE for now. When things turn around, play the momentum to the DOWNSIDE.
it's just not a special play anymore. this stock is not going to unload unless there is
general pullback in the tech sector or post-earnings now. I made 14% this morning on
the CRM puts then moved into TZA calls and am up 17% there. Life goes on. But this
company's valuation is a total scam for all the reasons you are aware of. Maybe the CEO
is paying off market makers with the $30 million he bilks off shareholders every month.