Restoration Hardware was up and then down after reporting because stock awards reduced earnings after charges. CRM longs or non-owner pumpers seem so smug. I had lightened up my recent 50+ position by covering a small part on Friday and more under 49 yesterday, but today I restarted a small put position and intend to increase my CRM short tomorrow or later in the week. Those who are smug at the moment, if actual longs, I suggest reading the following comments from the Restoration Hardware site. I haven't checked in here today and may not tomorrow, so I may not be present to comment or to read responses. I realize pumpers will pump. The best trade today was with AAPL, but I'm out of it now. It was active. CRM's volume today was pathetic and easy to manipulate, but that opportunity may be over.
CORTE MADERA, Calif. (AP) -- Restoration Hardware said Tuesday that revenue in its fiscal second quarter jumped 30 percent and it lifted its 2013 outlook. But the furniture and housewares retailer booked a loss for the period over charges linked to stock awards given to Chairman and co-CEO Gary Friedman, sending shares lower in after-hours trading.
It's interesting that cybercash31 has the audacity to pump on this site this morning. Check out the SSYS site. SSYS stock is down big this morning. What makes anyone think that Cybercash31 can be so wrong on SSYS (at this point in time) and then follow advice now)? Cowen and Co. has a target under 30. I could write much more, but why rattle the pumpers who will be on the wrong side of multiple trades soon.
Everyone makes mistakes. Nobody is perfect, but then to act as though he/she is perfect enough to attack others needs to be posted.
I have covered many shares on dips and I have re-shorted on extreme rallies. Though my average price for shorted shares is under 50, those shares will be in the money soon and I will be in the money when we dip into the 40's (which we will).
Cybercash didn't just post opinions. I saw those posts as being bullish. Then posting here within minutes of posting there and pumping this instead of staying away for at least a few hours surprised me.
Is there internal trouble? Is there more about seed troubles? I don't want to short at the ask when the ask is lower than the bid. I'll likely wait until next week if the trading on MON today appears so messed up. If I were still long MON I'd try to sell it at the bid, which is higher than the ask! That's weird.
I expected CRM to close just over 50 at about 50.02 or 50.3, 50.04, or 50.05 to accommodate writers of puts. Is the finish lower suggesting something? I don't have the answer and neither do pumpers.
Have a great weekend.
There's the possibility of new shorting and of selling of some long shares (in large blocks) to counteract any short covering. The potential size of short covering won't be covering anywhere near the current price. There are those who intend to short CRM. I don't know when that will happen and neither do you. There is skepticism about whether CRM will ever swing to a real profit and the current stock price may have a long way to drop. CRM execs have admitted that they don't expect any GAAP earnings for years. A follow-on issuance of stock such as SSYS's secondary is dilutive and can be severely detrimental to a stock's price.
Roth Capital likes companies that may pay Roth to issue them a secondary, etc.
Cowen Capital's target price is $29.50. Besides research, Cowen Capital also does investment banking, but apparently doesn't care to pump up a company like CRM that is less likely (even unlikely) to get decent terms and reception.
If something is free, it doesn't help a company's bottom line! Do you advocate more taxpayer spending in order to pay MON? I don't.
It's amazing that someone who was so wrong on SSYS last week is criticizing deanjones8989! Have you noticed that CRM is off its high of the day and could dip under 50 as soon as today?
I may have been wrong about that move in the short term, but it will work out. I certainly did better on SSYS than you did and though I don't have a position there now as it hasn't establish its current trend, you have posted there that you are sure about which way it goes next. IMHO, sure is not applicable in either SSYS or CRM in the very short term, such as one day or one week. After experiences with this message board, I have chosen to stay away from certain sites that have so-called "outspoken" posters.
Guidance of what? No GAAP earnings are expected for this year or next and possibily the year after that, too.
IMHO, if the SPX breaks under 1700, there will be heavy selling. CRM often has its own pattern and CRM has already broken under 50.
Sure. I covered it in the low 120's along with shares on which I had gains. I've posted this before, including in real time. I have replied to that accusation before and on more than one occasion and I reported that when CRM was in the 120's pre-split (which means the 30's). Anyone who brings that up now or again should be paying attention to their own portfolios or jobs, IMHO.
BTW, other than commenting late last week and today on SSYSs big move in answer to some haughty comments, I haven't commented on any of your trades and I don't care whether you have shares long or short in SSYS or CRM. My comment was for others who might have been influenced by your post.
I feel great. I hope you weren't long AAPL during it's significant move down recentlyk, including today. I now have no position in AAPL will analyze it again after today's move and other recent moves.
Actually, I don't care how you feel. I didn't comment on whether you felt bad after the SSYS move late last week. I don't even care if you actually had a position in SSYS or not.
Do you want a gold star for that? I made some money on HUM earlier this year. I've been out of it for months, though I looked at it earlier in summer and chose to not take a position in it. Congratulations on holding HUM all the way up. Toot your own horn today because it appears that HUM is overbought. I won't short HUM, but it's too extended to go long HUM unless you expect it to go above 100, IMHO. AAPL has been a great short and CRM is breaking down now. FB was also a good trade today. I bought a couple of puts on FB at the open and have now exited.
Do you enjoy monitoring what others are doing? This is the CRM message board. Why don't you discuss HUM on the HUM message board where people interested in CRM don't have to read your comments about HUM.
BTW, I don't remember your HUM buy a few months ago. Why would I pay attention to that. Are you fishing for congratulations?
I recommend sticking to CRM on the CRM message board. It appears childish to concentrate what other trades people on the CRM board have done. I apologize for calling attention to another person's SSYS trade. Though I did so to counteract haughty comments regarding another person's CRM trades, such comments don't belong on the CRM message board.
Not only does ADBE's stock price increase not mean any increase for CRM, but CRM's financials are worse. Remember the dilution for outside shareholders when new shares are created to enable the payment of equity awards to insiders? Remember the fake cash flow that occurs when insiders sell at market places shares they receive for little or no cost and they'd received those shares by diluting CRM retail longs.
At a past time I made some money being long ADBE. I don't have a position in ADBE now (disclosure). It will be interesting to see if ADBE holds its after hours bounce. Even if ADBE holds a bounce above 50, it's fundamentals support its price much more than CRM supports its price.
Though things can change, as of now the stock futures aren't projecting increases commensurate with the after hours prices in some stocks.