Increased Put Options Review Before Earnings (CRM, VMW, JNPR, NFLX, AMZN)
An article in Barron’s this weekend against Salesforce.com (NYSE: CRM) and the risks associated with chasing its 100-times forward earnings multiple is adding some weight on the shares of several key high-flying tech shares ahead of this week’s earnings. Virtualization leader VMware Inc. (NYSE: VMW) is reporting earnings after the close on Monday and Thomson [...]
Salesforce.com Investors Hitting Exit Doors (CRM)
Salesforce.com Inc. (NASDAQ: CRM) is getting pounded. Maybe this is tied to Equinix and Autonomy, or maybe it is just based on exiting high-multiple and high-beta stocks. Either way, money is coming out in droves. At 12:42 PM EST we have shares down a sharp 9.4% at $103.20 on more than 5.8 million shares. Average [...]
Top Day Trader Alerts (PALM, BBI, CRM, ESRX, IPXL, FSLR, FITB)
These are this Thursday’s top day trader and active trader alerts seen in the pre-market session: Palm Inc. (NASDAQ: PALM) was halted earlier this morning after it lowered guidance. The company forecast that Q3 revenues will be $285 to $310 million and non-GAAP revenue $300 to $320 million. The company sees 2010 revenue ‘well below’ [...]
Salesforce.com Continues Its Surge (CRM)
Salesforce.com Inc. (NYSE: CRM) was up over 8% at $50.02 at the closing of the after-hours session last night, but that was on a post-close volume of 885,000 shares. As of 8:40 AM EST this morning we have seen right at 60,000 shares having traded hands, but shares are even higher at $50.75. Its average [...]
Salesforce.com Screams in After-Hours (CRM)
Salesforce.com Inc. (NYSE: CRM) closed up 2.5% a6 $46.18 in regular trading today. But at 4:47 PM EST shares are up farther in after hours around $50.70, an additional gain of 9.79%, on more than 526,000 shares. This traded over 3 million shares in regular trading today and its average volume is 1.95 million shares. [...]
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