Do you remember this chart below? A weekly view of Salesforce.com ticker CRM.
You can see some of my previous comments which I made back on April 13th here.
The daily chart above shows potentially an exhausted relief rally. The intraday 60 minute chart shows each subsequent high of the last few days accompanied by less and less volume. Call me crazy but punting CRM short here looks reasonable. For what its worth insiders seem to be crowding the exits of late as well.
I am punting 1 unit short of Salesforce.com ticker CRM here at $87.45 with a stop at $90.47
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
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Short 1 unit Salesforce.com ticker CRM @ $87.35 stop @ $90.47