You may of missed the post--We over ruled CRM and went with TEAM as best idea.
I want to put it in my son's acct.-
also SOFI // TTWO
OK wait. Now let me get this straight....
So when I so much as mention a trade that i see potential in and share here for the readers, we get the rantings of a lunatic screaming paper trade and all kinds of other uncalled for remarks. BUT... when you do it it's ok?
It must be, because you told everyone earlier to get in at $199.
FOLKS NOTHING AGAINST CRM BUT I WOULD GO HERE INSTEAD>
TEAM Atlassian Corporation
$199.057.65(+4.00%)3:43 PM 08/29/23
NASDAQ |$USD |Realtime
Whatever. Either way I agree that TEAM is a great long term hold. Of course by saying that, the next time I see the Nasdaq setting up for a big fall and I look for high beta stocks that have had great runs in the days prior.... and I shout out "TEAM IS A GREAT SHORT HERE!" ... and the trade works out the next day.... this will of course scramble the synapses in your brain and out will come the crazy, juvenile rants.
Do you see how that works? Are you following me? It's a well established pattern.
___________________________
Moving on.
I watched CRM pretty much all afternoon. Earlier I pointed out the lack of block trades. Well subsequent to that post, they came in strong and hard. Going into the last hour, I could see on the tape, all the sells were getting absorbed. That's why I called it out at 3:30 as a quick trade.
The price action for the last 3 hours of trading on this, despite it being flat on a day every other tech stock was up huge, leads me to believe there will be some strong follow thru tomorrow and into earnings. How CRM behaves post earnings is always a coin toss. I've seen them beat handily on the top and bottom, and get hammered the next day.
Going back thru the last several quarters, I think an improvement in net margins is what the analysts are going to want to see this time around. And of course guidance. Right now, I'm leaning towards a run post earnings, but there's a few more things I need to look at before I can say that with a decent amount of certainty. TA looks good, but that's always a roll of the dice for an earnings play that all of WS will be watching. Chart does look good though. We'll re-visit before tomorrow's close. It's up in the AH's nicely, but low volume stuff. No tells there.