Yes I did more research on the Insider selling... CEO been selling right from the beginning... same rate 10K a day regardless of price.
Short term technical bounce will probably turn out right. The stock almost ALWAYS bounces back sharply after a strong down day.
However, I did find it interesting that on Friday... despite a strong market day, with CRM dropping 20 points the previous few days, and an analyst's upgrade.... they only managed to rise a bit less than 3 points. The last 1/2 point was most likely due to before weekend short covering.
Cramer is a contrarian indicator. He thought AAPL was a strong buy at 200... when it dropped down to 125 he said it was a "broken stock" and you know where AAPL is now... :|
Charts are very bearish, company growth slowing, Stock is clearly overvalued fundamentally, yet the analysts are holding firm to their assessments of the company.
As bad as this stock seems to me... I am sure we will see a nice run up from these levels. Trading isnt always logical!
Why are the analysts and this "OP" so fixated on CRM's good business? The business in itself is humming along and its fine. However, What some analyst do not realize it that.. you dont buy a shiny new slinky for $50 when you can get it for $4... CRM is WAY overpriced and as long as they can keep up the growth and BLOW OUT wallstreet estimates... the STOCK will go up. Its been PROVEN now that they cannot do that.
Also .. explain to me why is the CEO selling 10,000 shares a DAY.. almost EVERY business day?
Maybe HE realizes as well that this is a bubble stock and the bubble is getting popped.
Time to Avoid the Stock Markets Altogether [View article]
CUT THE BULL!
TRADING is GAMBLING... the only difference between the casino and the stock market is that there is no mathematical sure loss over time in the market as it is in the casino. But whether you are a "long term investor" or day trader... you ARE taking big risks and you ARE gambling... do not kid yourself otherwise.
The price of the stock DEPENDS on what the MASSES you ridicule think its WORTH! You think its good to invest in an $8 stock because YOU think its worth $10... that same stock.. their is another smart guy just like you that thinks the stock is worth $6 and shorted it at $8 ... Your so-called hoping the stock will catch up to what YOU believe the stock is worth is just the EXACT same as the others that are buying or shorting the same stock. Long-term investing or day trading... the concept is quite simple... buy thinking some other sucker will buy it from you at a higher price.... or short and hope some sucker will sell it to you at a lower price.
The Long Case for China Medical Technologies [View article]
China's equity market is in a huge bear market and CMED will finally succumb to this. The stock's rise after earnings despite the downturn of the market is impressive.
However, CMED will eventually fall victim to this. It may be "undervalued" during a raging bull market or a flat market, but even the best stocks drop in a bear market.
CMED bounced of its 200 day support on July 3rd, but the bounce was not a lively one. its very likely to hit it again and possibly drop below the line.
GLOBAL RECESSION is on us, and valuation talk isnt that "valued" when the stock keeps dropping
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Latest | Highest ratedStill Bullish on Salesforce.com [View article]
Short term technical bounce will probably turn out right. The stock almost ALWAYS bounces back sharply after a strong down day.
However, I did find it interesting that on Friday... despite a strong market day, with CRM dropping 20 points the previous few days, and an analyst's upgrade.... they only managed to rise a bit less than 3 points. The last 1/2 point was most likely due to before weekend short covering.
Cramer is a contrarian indicator. He thought AAPL was a strong buy at 200... when it dropped down to 125 he said it was a "broken stock" and you know where AAPL is now... :|
Charts are very bearish, company growth slowing, Stock is clearly overvalued fundamentally, yet the analysts are holding firm to their assessments of the company.
As bad as this stock seems to me... I am sure we will see a nice run up from these levels. Trading isnt always logical!
Still Bullish on Salesforce.com [View article]
Still Bullish on Salesforce.com [View article]
The business in itself is humming along and its fine. However, What some analyst do not realize it that.. you dont buy a shiny new slinky for $50 when you can get it for $4...
CRM is WAY overpriced and as long as they can keep up the growth and BLOW OUT wallstreet estimates... the STOCK will go up. Its been PROVEN now that they cannot do that.
Also .. explain to me why is the CEO selling 10,000 shares a DAY.. almost EVERY business day?
Maybe HE realizes as well that this is a bubble stock and the bubble is getting popped.
Time to Avoid the Stock Markets Altogether [View article]
TRADING is GAMBLING... the only difference between the casino and the stock market is that there is no mathematical sure loss over time in the market as it is in the casino. But whether you are a "long term investor" or day trader... you ARE taking big risks and you ARE gambling... do not kid yourself otherwise.
4 Things I Hate on Wall Street [View article]
You think its good to invest in an $8 stock because YOU think its worth $10... that same stock.. their is another smart guy just like you that thinks the stock is worth $6 and shorted it at $8 ...
Your so-called hoping the stock will catch up to what YOU believe the stock is worth is just the EXACT same as the others that are buying or shorting the same stock.
Long-term investing or day trading... the concept is quite simple... buy thinking some other sucker will buy it from you at a higher price.... or short and hope some sucker will sell it to you at a lower price.
The "CROWD" is the MARKET...
Five Reasons to Buy Raser Technologies [View article]
The Long Case for China Medical Technologies [View article]
However, CMED will eventually fall victim to this. It may be "undervalued" during a raging bull market or a flat market, but even the best stocks drop in a bear market.
CMED bounced of its 200 day support on July 3rd, but the bounce was not a lively one. its very likely to hit it again and possibly drop below the line.
GLOBAL RECESSION is on us, and valuation talk isnt that "valued" when the stock keeps dropping