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abitare (99.44)

CRM does a Reenactment from the Movie Deliverance on the Shareholders Everyday.

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June 19, 2008 – Comments (4) | RELATED TICKERS: CRM

I liked my pitch from CRM, so I figured I would blog it.

I like to watch CNBC. When a company is in trouble the CEO or CFO will show up on CNBC to dispell a rumor etc.... Or sometimes shady CEO/CFO show up to promote their company. Generally, good companies and good stocks sell themselves, it is in the numbers or it will be eventually, no need to go on CNBC.

When I spot a CEO or CFO on CNBC shilling I will take a look at the stock to try and see what is going on.

The CEO of CRM was on Mad Money, which for me is uber-suspect. So I looked at the insider selling:

 http://www.secform4.com/insider-trading/1108524.htm

Pretty amazing huh? 

CRM: I'm gonna make you squeal like a pig. Weeeeeeee!
Shareholder: Weee!

4 Comments – Post Your Own

#1) On June 19, 2008 at 4:56 PM, madcowmonkey (< 20) wrote:

Good old Marc needs to lay off a little bit. He will be in the 10 mill shares before he knows it. I think I might join you on this short, which is unusual for me to do. Short em. Nice find.

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#2) On June 19, 2008 at 5:02 PM, abitare (99.44) wrote:

Be careful here, someone is running this stock up. The stock has doubled and the P/E is ridiculous, but it continues up.

 

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#3) On June 19, 2008 at 8:52 PM, LouieJunior (20.87) wrote:

I have lost a lot of money betting against this dog. They only make 7 or 8 pennies a quarter and the stock has been on fire since last fall. I think Fidelity is in charge of manipulating the share price (paying for the lipstick).

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#4) On June 19, 2008 at 11:27 PM, lquadland10 (< 20) wrote:

concur with all of you.

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