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Salesforce.com, Inc Message Board

blues_mannn 11 posts  |  Last Activity: Oct 6, 2014 8:12 PM Member since: Sep 26, 2012
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  • Reply to

    ALL Longs...

    by shipleych Oct 6, 2014 8:03 PM
    blues_mannn blues_mannn Oct 6, 2014 8:12 PM Flag

    Stock is trading purely on speculation. Just look at the 1 year chart. Many spikes up. Many spikes down. When the ebola news dies down, stock will drop. So how does one safely make money on this? Buy and hold seems too risky at these high price levels. Seems like you have to day trade it based on the day's developments along with market sentiment. In my opinion, holding for a long period of time is just not a rational and objective trading strategy. Remember, half on making money on speculation is to minimize your losses and exposure.

  • Reply to

    Guess market close today

    by iluvbernanke Oct 3, 2014 2:15 PM
    blues_mannn blues_mannn Oct 3, 2014 2:48 PM Flag

    A break outside of this range could make this interesting for an otherwise boring day.

  • blues_mannn blues_mannn Aug 7, 2014 10:54 PM Flag

    Only you can answer that question. I imagine you should have a game plan. You should have an investment thesis. You should have a max loss you are willing to take. If things don't turn out, you should feel ok to sell at the stop loss. We are not always going to pick the winners. The key is to minimize losses and pick enough winners to come out ahead.

  • Reply to

    Ok, I'm out

    by blues_mannn Aug 6, 2014 9:58 AM
    blues_mannn blues_mannn Aug 7, 2014 7:26 PM Flag

    The point was about making money, not losing money. The only play for me is to go long since it's hard to borrow. Stocks like GPRO and LOCO had periods of extended runs up with heavy buy volume. For mBLY, the volume may have picked up but this is volume on the sell side. Unless you timed it well, there were very few opportunities to make money on the long side. All the retail investors who bought on the first couple of days have gotten burned. Some people bought in at $41 ..... Not cool at all.

  • Reply to

    Ok, I'm out

    by blues_mannn Aug 6, 2014 9:58 AM
    blues_mannn blues_mannn Aug 7, 2014 7:20 PM Flag

    It's not easy to daytrade this stock. First, I usually figure out a basic trend and trade with that trend. The trend for today was breaking below the $36 support. So, my trading strategy would have been to short the bounces. However, my broker doesn't have the shares to borrow so I'm stuck with only trying to trade long. Looking at the intraday chart, there is just one point near midday where one could have potentially gone long. But it would have really been risky. In generally, the spikes up don't last long. There are quick turn around drops. Really hard to time this guy. Most likely, I would have gotten burned. Overall, I'm glad I dumped my shares yesterday. Just not having to go through the drop today was worth it. I'm back to trading stocks like TSLA, NFLX, AMZN which are a lot easier to read.

  • Reply to

    Ok, I'm out

    by blues_mannn Aug 6, 2014 9:58 AM
    blues_mannn blues_mannn Aug 7, 2014 9:27 AM Flag

    I've had better results skimming LOCO yesterday and this morning. It's a lot more predictable and less frustrating.

  • Reply to

    Ok, I'm out

    by blues_mannn Aug 6, 2014 9:58 AM
    blues_mannn blues_mannn Aug 6, 2014 6:49 PM Flag

    My original intention was to day trade this. I NEVER intended to become a long term investor and assume the risks with holding on if it collapses. I held on for 2+ days. Didn't see a pop at all. Just look at the intraday plot for the last 3 days. There's nothing. This goes completely against my trading style of going with the trend. There is no trend. Some of you maybe believers and holding for the long term. Maybe you guys will get the last laugh and see some decent price appreciation. From my perspective, this stock is way overvalued. My biggest fear before taking a stake was the valuation issue. I think they priced the IPO pretty high and didn't leave any scraps for the after market. Now that I've sold, thers no turning back. I'm not gonna touch this with a 10 foot pole unless they demonstrate high revenue growth.

  • blues_mannn by blues_mannn Aug 6, 2014 9:58 AM Flag

    Its probably going to go up now. Seemed silly waiting for it to spike up. It's valuation has clearly gotten ahead of itself. Might experience a gpro loco circuit breaker experience.

  • Reply to

    Where are the buyers????

    by blues_mannn Aug 5, 2014 3:58 PM
    blues_mannn blues_mannn Aug 5, 2014 10:37 PM Flag

    Your twisting things around and avoiding the obvious. I doubt many if anyone on this message board got in at $25. So no one here really cares about how well the offering went. All we really care is if we've made any money on the aftermarket. Right now, it's trading near the low of its entire 3 day existence. It's a clear sign that there is a lack of buying interest to push it up. At some point this morning, it was butting right at $47.20 several times. All we needed was something like 50k shares to push us past the day high of $47.31. If that had happened, we might have seen it breakout. But, there was a complete lack of buying interest to push it up. Absolutely nothing close to push it thru.

  • Reply to

    Where are the buyers????

    by blues_mannn Aug 5, 2014 3:58 PM
    blues_mannn blues_mannn Aug 5, 2014 4:39 PM Flag

    Time to punt?

  • blues_mannn by blues_mannn Aug 5, 2014 3:58 PM Flag

    Seems like a real lack of demand. GPRO and LOCO saw much higher buying interest . . .

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