• Benjamin Goldman
    CRM is already starting to taper off from pre-earnings jitters
    11/17/11
    Reply (17)
    • Ricardo Espinosa: Missed that $3 down move. I think I sold my 125/130 call spread too early, as today it will get slaughtered, and more bc I sold.
      11/17/11
    • TruffelPig: maybe I should buy puts on CRM
      11/17/11
    • Josh Krause: I can't decide whether or not the market will be satisfied with CRM when it reports. It almost never reports blowout earnings, just small
      11/17/11
    • Josh Krause: beats in Revs and down guidance in forward EPS. That shouldn't be enough given the current market but it is still the Cramer golden child
      11/17/11
    • TruffelPig: Yeah, like NFLX was before it tanked.......
      11/17/11
    • Josh Krause: Hey I'm in full agreement, been short on CRM for a while now but it doesn't trade in a rational manner and it is by no means broken ala NFLX
      11/17/11
    • Ricardo Espinosa: I already know what´s gonna happen tomorrow, I´ll regret not buying puts or shorting calls, watching the ACHI action on CRM around $100.
      11/17/11
    • Josh Krause: From your lips to God's ears. I am not so sure, I have gone through multiple earnings with my CRM short expecting the apocalypse, no joy
      11/17/11
    • TruffelPig: Well, buy out of money december puts?
      11/17/11
    • TruffelPig: Or what would you buy?
      11/17/11
    • Canary Cash: I'm thinking OTM Jan Puts for a small scalp and some safety if they beat (which they somehow always do right)
      11/17/11
    • Josh Krause: Yeah they always beat Rev's. Not hard to do when you know what your revs are a year ahead. EPS has been declining on a GAAP basis but
      11/17/11
    • Josh Krause: the market has ignored that for the last few CTL's. Might not be willing to ignore it today but I have my doubts that they will crater in ACHI
      11/17/11
    • Canary Cash: Fidelity seems to be really behind this horse in a big way...
      11/17/11
    • Josh Krause: How did that work out for them with the other momo's they were behind in a big way that cratered in the last few months?
      11/17/11
    • Josh Krause: Well, with today's market action I would think that CRM will have to report amazingly well to not get hit hard in ACHI. But what do I know
      11/17/11
    • Canary Cash: Me as well...we shall see
      11/17/11