Thanks for the chance to switch to a small short position. I made the decision to take advantage of the bullish comments in order to switch over, though I'm allowing some time for a drop in CELG. A price over 88 is equivalent to a pre-split price of 176, which was and likely is a place to short/buy puts/ exit calls, IMHO.
I agree that CRM will drop more even if it bounces above where it is now. I just replaced part of the put position I closed out yesterday.
While I closed out my trading positions on CRM, I'm holding onto my core (short) stock position because it's not affected by time and I think CRM has a long way down to go even if it's not this week. There are still ample shares to short and will likely remain that way for at least a month and likely much longer than that.
I agree. IMHO it's another distraction, as are other suggestive posts. Expanding isn't the issue. R and D isn't the main issue either. PE is a major issue. GAAP earnings (lacking) is an issue. Now, even the "M" factor could be an issue.
The issue is real profits, GAAP profits. When earnings would disappear if a company counted the salaries and bonuses (equity awards), then the company doesn't have earnings available for retail stockholders. I could explain this in greater detail, but I'd be "preaching to the choir" while those who accept "rastarich's" comments would likely ignore the bearish statistics.
MB's stock sales suggest he doesn't expect improvement in the company's financial situation? Selling stock is more consistent with a company's inability to grow organically and through acquisition. Will SAP protect it's home turf (Europe) and other areas? Will ORCL continue to increase its cloud resources? CRM is already deeply in debt. Even if they could issue debt/bonds, wouldn't they need to pay very high rates of interest to balance the risk? Yet, CRM's high priced stock hasn't been acquired. The 4 for 1 split may have led to the stock seeming to be cheaper, but there are 4 times the number of stock shares due to that split and there has been even more dilution as the number of shares continue to increase, even while there are GAAP losses quarter after quarter.
The word "new" was aimed at people who are new to the site. The format remains, but the figures are likely new to some visitors to this site.
Despite the fact that insiders have sold massive amounts of CRM stock, as reported for transparency, the information CRM supplied for the Yahoo Finance site hasn't been changed in over a year. The lack of trust that has engendered could make someone wonder whether even the insider sales figures from former years were accurate.
Beyond that, there are statistics shown in the new Yahoo Finance format that suggest significant risk. One is the size of debt and another is negative margins in a high priced stock for a 15 year old company. Check out the new format of statistics on Yahoo Finance.
This is in addition to recent reports, as posted on the site, about recent, significant insider selling.
That has occurred previously in so many stocks. Will hedge funds take this as time to sell and short?
According to the ADSK site, the CFO may have already tarnished his career, since ADSK has lowered expectations.
If CRM's CEO expected earnings from such a his latest venture, would he have unloaded all the CRM stock he'd acquired from 2014 options?
Fund managers crawl it up and dump a million shares. Do key employees do the same or be "late to the party" as employees of some other companies have been?
I routinely toss out garbage. When someone brings up an old comment in order to post a "death wish," I routinely flag the garbage. It doesn't bother me. I routinely dispose of garbage and that's what a "death wish" is.
Despite the pr, it is the end of a quarter and, as happened yesterday when volume doubled at the close (possibly due to some fund selling), CRM isn't holding today's highs despite the pr. Volume is low. Will there be selling at the close?