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?
How can whether a transaction is "significant," "insignficant," etc. be based on one day's trade? Trades over more than a one day or even one week span provides a pattern. An insider's selling on one day needs to be put into a context of that insider's selling over a longer time period. That's when toxic selling patterns appear.
This reminds me of BTU and RIMM (aka bbry). BTU was a Wall Street darling at 70+ and after a dip into the high 50's, rallies brought out urgent "buy" comments. It was similar with RIMM. After topping out at 120+ and being cut in half, there were Wall Street "buy" calls that pushed the stock up to a lower high under 100. The question is whether 58 is CRM's lower high or whether there's a last push up a liitle. Are big players selling into their carefully worded recommendations. They are emphasizing that the stock is at lower prices than it was. Some are coming up with things CRM might do. Are they being careful to avoid writing about continuing GAAP losses for a 15 year old stock? Are they being careful to avoid comments about increasing competition? There are no more mentions about ORCL, which has shunned CRM and is a formidable competitor.
Using the word "might" is a word that has been used for many years. When used, there would be balance if it was mentioned that while something might happen, it might also not happen and it might also revert to much lower prices.
Have you wondered about who was selling more and more RIMM (BBRY), FFIV, BTU, etc. etc. while making statements about how those companies might go to much higher levels?
If CRM closes just above 57.50, will it be good or bad for people with the 57.50 calls to call for the stock? Will the people/organizations that wrote the 57.50 puts that expire today have stock called for that makes it a better trade for the writers who give up stock or those who have stock put to them at 57.50? I have my opinion.
Following some recent Fed announcements market averages dropped at once and then turned and went up the next day. This time the Fed presentation led to a same day rally. Does that mean tomorrow will bring a reverse to the downside?
You were right about the drip. The "bounce" was weak! I chose to close out my options and take those profits even though they wouldn't expire this weak, but I continue to hold a core short position.
Your advice makes sense. Though I re-shorted some shares, my position is smaller than it was on the way down and smaller than I intend for it to be. As I posted, today Cramer told people it was okay to buy CRM even though several points lower he told them not to buy CRM because it was going lower. IMHO, it is going lower even if not today.
I've been offered 5 IPO's and secondaries in just two days (Monday and Tuesday of this week). I won't touch any of those, especially because flipping isn't part of the offer.
I'm holding a small, shorted core position and I couldn't help adding a little to it late today. That's part of the position I closed out last week and those puts (to replace those shares) that I closed out early yesterday, as posted. CRM is looking toppy here and tomorrow morning will be time to analyze the situation. Is this week similar to other monthly options expiration weeks that have one big up day before turning down?
This morning I have already closed out a put position I added Friday afternoon to replace some shares I had covered earlier. I still hold a core shorted stock position that I won't cover until CRM collapses. I had held that put position over the weekend to limit my liability and it was sweet to be able to exit that at a profit, albeit likely not as large a profit as I would have if I'd continue to hold it as stock. I simply went to my comfort level. I was also lucky to be able to exit those puts at a gain so soon. I remain bearish on CRM and continue to hold some shares short even after exchanging some shorted shares into puts that I've now taken profits on.