Snag this opportunity in Salesforce
I think this decline constitutes nothing more than profit-taking.
How can Salesforce.com (CRM) be down? If it is so great, why is it selling off? That's a bit of the theme that I was hearing during after-hours trading after the company reported its record quarter.
To me the answer is simple: The stock's had a run, and profit-takers are out in full force.
But there is an amazing self-fulfilling prophesy that goes on in these high-multiple stocks. People immediately begin to poke holes at the stock because it is going down.
Now, I am sure some will argue that no stock goes down if there isn't something wrong. But this year we have seen so many tech stocks get hit first, only to witness them rally a few days later. I think that's what will happen here, too, given Salesforce's $1 billion in sales, huge backlog, terrific unearned income and lots of incredible acceleration in revenue growth from the Exact Target acquisition. It's funny – the latter was derided as nothing more than an email marketing company. But, after watching the Exact Target team show me its soup-to-nuts approach to selling cars for Ford (F), I don't think the "email marketing" derision holds much water.
Now Salesforce stock is up 32 percent. That's not outrageously higher, but it is enough to warrant some attempts to color the quarter, and for others to be nervous in their thorough failure to understand what the company actually does.
No matter -- once again this stock, which has been such a huge winner, is going to give you an opportunity to do some buying, and I think it should be taken.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in the securities mentioned.
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Well the rats in the cage (providing power) here, have about had it...
So I have to go get new Rats or more gas for the generators...Damn power companies and storms.
Plus another funeral for an old friend, they are dropping like flies; Think something is wrong with the water in town ??
Two with Major strokes in last week or so, one dead, one in ICU with the DTs along with bad stroke..
One 82, the other about 64....It's hell to get old..
Be thankful for what you have, while you still have it.
He is like having a whole bunch of people in the room for sure......... Talking to himself... falling in love with his other gender self.......... etc. etc.
Wonder how his surgery went?
"NEW YORK- As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of dollars on contingency planning and, in some cases, even prepared to underwrite federal government benefits. In a series of interviews with top bank executives, new details emerged about the extent of the contingency planning that was undertaken before and during the 16-day government shutdown and as a potential default loomed. The planning for worst-case scenarios didn't come cheap. JPMorgan alone has spent more than $100 million on contingency planning for U.S. budget crises in recent years including this one, sources close to the bank say. It has reviewed and analyzed thousands of trading contracts, updated computer systems to handle fiscal emergencies, hired consultants, and built new models to figure out what might happen to securities prices. It may not go to waste. The temporary budget agreement that President Barack Obama signed shortly after midnight on October 17 to end the shutdown and lift the default threat, authorizes government spending through January 15 and eases enforcement of the debt limit until February 7, creating the potential for another budget crisis early next year, even as some Republicans vow they will avoid it. With each crisis, the once-unthinkable scenario of a U.S. default becomes a little more real, bank executives said."
Read this differently. Ask yourself WHO we would default on? Banks and the giant dark pool and oligarchy-oriented customers of banks. We would not default on We the People of the United States of America. In fact, the post-apocalyptic moments after default would be simple--- set a NEW currency, distribute it to We the People not They the Wealthy,. revive MAIN Street and make economy AGAIN.
I DARE YOU Jamie Dimon... to come here on THIS blog and explain it differently. Use as much space as needed to wander and meander but YOU will arrive EXACTLY where my words lead you. YOU spent $100 million in other people's money in your war room, but the FACT remains- there is NO economy, derivatives WILL bust us, financial TYRANNY never ends well and we will STILL need a new currency for a REAL economy regardless of how long YOU stall us.
JUMP JAMIE... hold Barack's hand and JUMP. we need economy not mental midgets in high places.
"The stock's had a run, and profit-takers are out in full force."
What not "scumbags"??
The wife and I went and saw "Thor: The Dark World." We loved it. If you go, be sure and stay through the end of the credits. After the credits, there are a few more scenes shown. I recall they did that with the last Thor movie too. Yep, they brought back Anthony Hopkins for the film.
If the Postal Service had made the Frank Sinatra stamp an infinity stamp, I'd still be buying them, but they didn't. Dummies.
Congratulations to Jimmy Johnson for winning the NASCAR Championship. I placed a $5.00 bet on him to win at the Mirage about six months ago the last time we were in Las Vegas. So, I'll mail it in and collect my money. Boorah!
They figure to post a loss this year.
Jim, your treatment was opaque with respect CRM's future.
I bit on that one NTU, even asked Miss Lilly if she had seen anything on the News trailers this A.M.
Then I read the "last sentence."
V_L....Sorry, but kind of think the "major Banks" set up huge "war rooms" back in the Spring of 2009.
Back in the day, we called it "damage control."
I love it when someone such as Kramer "touts" a stock, then has "no skin in the game."
Many of the players or issues are having "dips and corrections" because of "misses and near misses."
What better time to have an excuse to run or take profits at exorbitant highs..?
in the engineering world, control system analysis' covers simple things from how a thermostat works (on at a low temp, reach the right temp, turn off) to very complex systems.
seeing how algorithms are fully in place by the institutions, i wouldn't be surprised if we don't see some resonance start happening in time. if by blips within a day, or slower moving blips over several days.
so if cramer is "seeing things" it might simply be an observation of a control system working in order, or going haywire
I thought the Markets were only up 87 or 89% not 90....??
Rome....You really should not concern yourself with other's "thumbs ups."
I don't even worry or care about my own...
Isn't that a Facebook or YouTube thing for people that are worried about being accepted??
Or a show of approval...Like not keeping score at Kid's games..
Or everyone in the League getting a trophy?
I click on one for somebody, about once every week or two; JUST BECAUSE, I kinda like what they thought out or wrote.
And click on one of my own, about once a week; For balance like 2 and 2, or 3 and 3, etc.
Because I like even balance or numbers...Nothing else.
So you don't have to click on mine...I know who and what I am, and not worried about my Ego.
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Bill Stiritz has experienced an estimated $145 million in paper losses on his investment in the company.
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