Seeking Alpha
  • OneLongTrade
    The RAX numbers could be a preview of CRM. The implosion is coming.
    5/7/12
    Reply (15)
    • OneLongTrade: I believe CRM's gap from Feb earnings WILL get filled, likely through a bad earnings report in a few weeks.
      5/7/12
    • Josh Krause: If only it could get back up to 160 again. Missed out on the most recent lower high. 155 will do, though who knows.
      5/7/12
    • Bret Kenwell: regret not pulling trigger at 162 like I wanted too. good fall since then.
      5/7/12
    • OneLongTrade: Could see one more bounce before earnings, but with the moving averages starting to curl, I think it trends down for now.
      5/7/12
    • Bret Kenwell: I would think after earnings she is done. The market isn't afraid to punish anymore. though it wants higher, it'll hit em in the mouth if
      5/7/12
    • Bret Kenwell: its warranted. no question about it.
      5/7/12
    • OneLongTrade: And boy is it warranted with this one. Only a matter of time. GMCR/NFLX were a good start, but the show's not over.
      5/7/12
    • Josh Krause: CRM is the biggest bubble. LNKD is next. GRPN might have more to go. ANGI and YELP as well. CMG has too much support.
      5/7/12
    • Bret Kenwell: I am looking for options positions for CRM. looking out to June.
      5/7/12
    • realornot: CRM is toasted ! http://bit.ly/JkyZzY
      5/7/12
    • OneLongTrade: Exactly Josh, and this is why I closed out my CMG puts today. Admittedly for a gain, but not as much as I would have liked.
      5/7/12
    • OneLongTrade: It has not paid to be short this market unless you're quick with the trigger.
      5/7/12
    • OneLongTrade: I much prefer a balanced long term long/short call, long AAPL, JPM, short BBRY, CRM, LNKD, CF currently. A few more worthless positions too.
      5/7/12
    • Bret Kenwell: Indeed, I learned quick if I'm going short, either cut the losses quick, or take gain early. Up until recently the market hasn't rewarded
      5/7/12
    • Bret Kenwell: the bears much, and if it did, it was only a moment. right now my only long is MSFT. looking to establish long in AAPL short in CRM though.
      5/7/12
      From other sites