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 What the fiddlesticks.... CRM dropped like a rock today afterhours.

Nepali_American · Nov 17, 2011 5:57 PM · 14,042 views

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always a bad idea to hold till earnings..becomes a gamble when u hold till earnings unless u are a really a lonnnng term investors who just really believes in the company bouncing back today after a couple of analysts reiterating their buy ratings ...might be an exit didnt u buy it when the big meltdown happened my opinion take profits ...even though the ratings are there ..its because the firms who put the ratings are themselves in the stock too big for the stock to fall

tyrannyoflogic · Nov 18, 2011 8:17 AM

You're right.  I should've unloaded it when it was at 130's.  But I think the fundamentals are good.  I think it will bounce back.  Same with Apple.

Nepali_American · Nov 19, 2011 5:03 PM

Okay fundamentals...fair enough. I wont even go with technicals here, jst tired of posting the same thing over and over again If you are an investor like Buffet (who buys a stock and goes to sleep for 25 years..(quote from cnbc) ..nothing wrong with that idea if the company is viable . Jst a few key things I think you should look at in my opinion: Instituitional Ownership over 90% ...fundamentally sound ...NO PE of over 500 ...fundamentally sound ...NO CFO exercising options and unloading shares at the top ...(twice in the past two months when the stock is at its highs) ...fundamentally sound ...NO and it is a high flying or MOMENTUM stock ..like NFLX used to be whose ATR is high and mostly used for daytrading cuz the float is too small. Please dont base ur trade on my opinions, I am just pointing out some fundamentals which dont seem sound to me . The only fundamentals I believe in is of AAPL but thats gotten quite iffy too ... another thing to consider abt CRM is the short interest...its currently at 9% which isnt that bad(but it is still at the highest number of shares from 11/15/2010 till now..... its increment is a sell signal I just had to put 1 technical statement here...if 109 breaks to the downside...it will be a mighty good short Last edited: 20-Nov-11 11:17 AM

tyrannyoflogic · Nov 20, 2011 11:01 AM

 Had a good day today.  Sold about 25% of my portfolio.  If it keeps going up tomorrow and day after, I will sell more and be a happy camper.

Nepali_American · Nov 30, 2011 4:44 PM

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