This may go much much lower if the market stays weak.
I still think this has a lot lower to go, especially if earnings even have the smallest miss in revenue or earnings. The whole sector will continue to get clobbered as it really is a bubble that has popped. No support at all. If you are long, sell. Hit the sell button and wash your hands of this. Then sit on the sidelines.
Wow, I would beg to differ on any comparison with GOOG. Apples and oranges to say the least. How could you call it a safe bet? This is down another 4 bucks since you made that statement. Whatever, live and learn. My guess is that you weren't really around in 2000 as an investor.
For a company that has never made a penny, here's the total executive compensation for the big shots:
2011 30 milion
2012 31 million
2013 35 million
2014 61 million
2015 90 million. Yes 90 million
MB got 40 million last year.
And loose a ton of money getting there. What good is it to climb the highest mountain in the world on the back of a sherpa that dies on the top? Talk about a CEO having blinders on and living only for his own fantasies. I'm constantly amazed at the number of speculators that are willing to go along for the ride.
I wouldn't lump Google in with any of those others. Google actually makes money. Totally different situation. None of those other stocks make any money.
I can't wait to see how he plays the blame game. Did anyone see the last interview with Cramer? Looks like MB lost his fitbit.
If you see any support here, i'd like to know where??? 2year low in play this week. Still plenty of shares to short as this had almost no shorts going into this disaster.
The drop is so steep and severe, it is almost impossible to say where this is in a month. 40's soon.
Take a look at the 1 yr. candlestick. Nobody in their right mind would step in here. I think another buck or two dampens any dead cat bounce and down we go again.
Maybe next week we'll see the 2 year low breached. I'm not a chartist, but there really doesn't look to be any support at all and we'll probably see redemptions and margin calls early next week. Benioff didn't step down from the COO position for no reason, he wanted to step aside for the bad news.
If that's the case, I'd have a really tight stop. Like saying, Monday there will be an instant pop for a quick trade. Don't want to get stuck into not believing what you've been believing all along. Happy trades.
You can keep thinking that there is something "special" about Salesforce. Something "special" that they do and nobody else is capable of. That they've built some kind of dynasty that can't be easily replicated. That the product is so good that it sells itself and they don't need a 4:1 ratio of Sales:R&D to keep the snowball growing. Investors are easily blinded by revenue growth at all costs and it's wrong.