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Salesforce.com: Absurdly Overvalued

LoveShorting
Bill Gates, when chairman and CEO, sold a lot more than a million$ worth per day. This keeps management out of trouble with
the SEC and lawsuits for insider trading if they sell a fixed amount every day. It also alllowed Bill Gates to give his fortune to his foundation which will help the human race. Maybe Marc has the same thing in mind!


On Nov 06 10:00 AM LoveShorting wrote:

> Consider me your fourth follower. Maybe I am not crazy shorting these
> scum bags. I appreciate your analysis. My reason for hating on them?
> Marc with a "c" is a pig. I always carry with me a 20-page Yahoo
> printout showing his daily (yes automated and legal) selling of shares
> from 2/5/07 to 8/15/08, some days approaching $1M. That's a lot of
> lack of confidence in his own company. And by what logic is that
> pathetic company doing so much for the human race that he deserves
> that level of compensation? The guy got lucky. He may be smart but
> he's no Einstein. He isn't curing cancer or bringing about world
> peace. Anyway, just like Enron, the market eventually catches up
> with evil ... so I will be short CRM as long as I can tap a keyboard.

Salesforce.com: Absurdly Overvalued

Mr Shah,
I think you should look at put options rather than shorting the stock.
At least that way, you know how much you stand to lose. Sure the PE is out of sight, but look at the last tech boom. JDS Uniphase went up 7000% with multiplexing light wave pump lasers. We called these long and strong buyers "Uniphasians" because if you made a negative comment on a blog site, they would storm in and crucify the offender. It was a real cult, pumped by George Gilder. Don't short into this strength on CRM, it could bury you since most people don't know what a cloud is, but they do look at charts and chase momentum. This stock has not yet hit the "Uniphasian Cult" stage yet and it trades thin.
Incidently, I am a money manager and have been doing it for a long, long time and I am long this stock but with no illusions and I don't love nor hate any stock. Falling in love or in hate is a ridiculous pursuit, these stocks are pieces of paper.

Salesforce.com: Absurdly Overvalued

You shorts could to get your heads handed to you on CRM.
Mr Softie has looked like the the loser of the decade and has been blindsided on the cloud, just like they were on e-mail in the 1990's.
Google, VM, and Salesforce have much more imagination than Balmer and the cloud could be Microsoft's undoing. Meantime, just look at todays action on price/volume on CRM. I don't see anyone moving out of CRM despite the negative employment report.
I am an old trader, therefore I am not bold because in the 40 years I've been trading stocks I noticed there are no old, bold traders. If you are ultimately right on CRM, I may sell the break but right now I know the momentum is in the bull camp. Value investors are always too early and Sunil Shah is basing his short on fundamentals, such as PE and an elephant (Mr Softie) in the room. Meantime CRM is making highs weekly since mid-July and blowing through analysts' estimates. How soon will Mr Shah experience the nightmare of the short seller when he dreams CRM going to infinity and he wakes up at 4:00 AM, calls his broker and tells him to cover on the open? Logic tells me to short weakness and this stock isn't showing weakness in the recent volitility. So unless Mr Shah is a swami with a crystal ball I would not short this rocket. Good luck.

Global Partners: A High Dividend Stock with Big Earnings Growth

And it looks to me that the train left the station when it was under $6
last October it is upabout 360%. Has Nick checked out the cyclicality of cash flow for this MLP. Also don't call the payout a dividend, this distribution is based on cash flow and these guys are Leveraged (with a capital L) and interest rates could change dramatically in the next six months. Why was it under 6 in October? Maybe folks were concerned about credit pre-TARP. Folks are desperate for yield and the smart people bought it when the banks got the liquidity injection which allowed them to keed their lines of credit open.

Europe's Natural Gas Problem: On the Road to a Solution?

I read a report that there is natural gas exploration in shale commencing in central europe (Germany and Hungary). Can anyone shed any light on this activity.

Kinder Morgan's Dividend Payout Rate Is Unsustainable

A case of mistaken identity! KMP's cash flow for the past 12 months reported is $7.34 per share so the $4.20 distribution appears safe.
Note that this is not a corporation, it is a partnership and this stock does NOT pay a dividend by definition, but simply pays 90% of free cash flow. Young Mr Zambardo lacks accounting knowledge and is using some box cake formula for dividend sustainability which cannot be applied to MLPs.