Prashanth Cherukuri

The Salesforce.com Bubble is Ready to Burst

If I were long, I'd be very worried about the action on the stock. Its being manipulated to a ridiculous extent, and the pre-earnings dump was an example.
I shorted on fundamentals, I cant believe you're so happy paying 56 bucks per share for a company that earns 5 cents a quarter. Good luck with that. Look at AMZN, RVD...this one is next.

The Salesforce.com Bubble is Ready to Burst

This company is nothing but PR...unbelievable, the amount of press releases they dish out, for every inconsequential thing.
Lets see how long they can keep it up.
See market up today but this stock is still down.

The Salesforce.com Bubble is Ready to Burst

hi doctor
thanks for the comment. Lemme respond to it.

First off, I'm surprised you know the EXACT reason why Orace is not buying CRM. If that information is as solid as you think, CRM will not be rising the way it has been. And you cant really say personal rivalry would be the reason behind this. Thats naive.

Secondly, you're comfortable with insider selling, arent you? It does not matter if its the CEO or CRO selling, or if its all of them selling. The very fact that he has been dumpping shares ruthlessly shows what amount of trust he has in the future of the company, at least in the short-term. It would certainly spook me out if the CEO of a company I invested in was regularly selling shares at highs. That is definitely NOT a good sign, and everyone from Warren Buffett to Jim Cramer will tell you that.

Good luck