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.
Still 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.