Buying SALESFORCE.COM (CRM) puts

[MrSer]

buying puts for crm

[MrSer]

The ceo is selling his stocks like crazy. Take look at this. 10k shares a day for months. http://biz.yahoo.com/t/94/6405.html

[reef]

I use this for work. Its ok to use, keeps everything organized for me and helps with reminders since I can make 15 to 30 cold calls a day. Since November i have logged close to 1000 events and tasks on it.

[wallstreetsedge]

what happened in the first 30 mins of the session?

[microhedge]

MrSer i hope you didn't get CRMd too badly on this 8O

[MrSer]

Brought some more puts today. This company is wroth 20$. We'll see how the new few months go. Most of their profits were from investments not from their products. And the ceo has been selling off.

[wallstreetsedge]

i dunno dude.. the chart looks a bit bullish

[madcowdisease]

buying puts for crm

Without doing any research I think this may be a great strategy given Cramer highlighted this stock the other day. Puts would be a great way to play the Cramer bounce at the open since we all know it'll be back down in a week.

[MrSer]

Market is going much lower imo. I brought some march 20 c puts @ .22 cents now they are .98 cents right now. Doing real good and wouldn't doubt seeing citi at 18s by end of expiration. I will buy April puts for citi Monday also.

[stockgirl7]

Sorry for the newbie question, but I am confused by this activity by the CEO.

Salesforce.com has been been dominating their market space and has really gone white hot the last few years growing into the elephant in the CRM space.

Sugar CRM and even MSFT Dynamics CRM dont hold a candle to them as of late.

MrSer, can you explain more how you are interpreting this? I agree with wallstreetsedge and say this looks a bit bullish...

[wallstreetsedge]

i just looked at the insider selling you mentioned on crm

i hope you know.. they were very small orders and part of an automatic stock sale plan

the 2 biggest insiders who have been selling dont own a large portion of stock specially when you compare them to bernioff and ramsey

ramsey hasnt been selling stock

bernioff has been doing sales of only 10k shares at a time

[MrSer]

bernioff has been selling 10k shares a day for some time now. He owns 14.45m shares and is downsizing 50k a week. Also this play is doing good for me aswell as C puts.