I was betting that someone would post about that.
The stock has been up for 4 straight days very nicely from an oversold condition during market turmoil and out comes a factually based article/presentation from Motley Stool.
I'm not a fan myself but the timing does seem either coincidental or done with purpose.
You can defend management but they are pretty much 0 for their existence as a public company when it comes to meeting their forecasts. I have questioned the full year forecast myself as the if the first half was truly 30% as the CEO had guided, full year would be more like $52M than $58-$66M.
In the long run if they come up short of the full year forecast it won't matter if they are fairly close and are not burning through all their cash. If they are and have to tap into that $150M potential offering within the next few quarters that will put some pressure on the stock.
So I am not fan of the Motley Stool as a whole but his article is fair IMHO. The timing can certainly be questioned.
I'm not sure when he had the article written but if it wasn't already ready for publishing it might have been fair if he mentioned that the President just bought 33k shares spending over $200k doing so. I'm sure he's not looking to throw his money away.
I hope he took advantage of the even lower price today.
How about all the folks that bought shares on the $7.50 offering come out and buy some here near $6.
Hey ski he wants everyone to give away money as he pulls out millions every week with No GAAP earnings to show for the company.
I have to say that Cramer did not say BUY, BUY, BUY after this quarter because he's been very cognizant and pretty accurate on the overall market situation.
I only heard him a little tonight and he did a slight plug for CRM after he mentioned WDAY.
If the correction is over and it's back to buy the market this may do OK. I'm guessing it' s over temporarily and it's not 100% risk on. Will these guys be taken out? Possible because companies make poor acquisitions all the time but if I woned the company that bought them i would sell on any strength unless it's a big time take under.
It closed $0.115 off the high.
Hello, reality calling. It went up directionally with the index as many stocks did.
Will it go up tomorrow?
Tell me what the indexes do.
Will this stock make a counter trend move to the Nasdaq or will it make a counter sector move? That's usually more telling.
Additionally the algos have been kicking in both up and down in a range.
The question at day's end when a large percentage of volume trades and supposedly buybacks are suspended (last half hour). Will there be buy pressure or sell?
I'm not sure how you determine that but I see as many green bars or more as red ones.
Most stocks especially larger ones are just moving with the indexes.
It will still drop and you can believe the algos will be at work. Come on an $86 print yesterday just after the open?
This is probably in more than a few ETFs also.
Buy wisely and either trade around your position or add when you target price is available.
This market we are getting right now is doing all sorts of strange things.
I guess 6+ years into Frankenstein markets (man made from QE, ZIRP and general central bank intervention- manipulation), we wind up with broken markets.
You don't mess with Mother Nature to the extent they have and come out of it unscathed IMHO.
I hadn't done anything here in months but was glad to get in and out in the last half hour for a nice gain on the short side.
I had some GAAP earnings unlike CRM by the grace of the man up stairs.
Yes but you don't understand. things are going so well they are now investing in commercials with Foreign CEO's with fancy accents stating how they are doing so well with Salesforce.
I think those commercials are paying for themselves.
Eh, maybe not but I do know that the CEB isn't paying for them with all those options but shareholders are.
It's simply amazing, fabulous, stupendous and NON GAAPalicious. :-)
i think there's something to that but it doesn't mean this won't revisit the lows since surely more market pain is ahead regardless of what bounces may be coming.
The thing is those shorts have to look at valuation metrics and measure risk/reward.
I know they can hedge but wouldn't you just rather cover just in case some company tries to take the company out at a fire sale price? Not that the XONE board would go for that but it would put a floor on the stock.
I didn't think of that angle as much but it plays into Art Cashin's statement about selling what you can. I thought maybe they were covering for greener pastures which may also be true.