Riddicks
07-12-2008, 02:05 AM
I have been following this stock for awhile now as I have some friends who work for this company. I bought some before earnings and it did fairly well and I got rid of it not soon after but it kept going up so I thought about getting back in and then I saw Cramer pump this up on Mad money and I knew it that it was about to go down as him and his buddies were trying to get rid of their shares.
This is what he said on June 24th Price $75
Cramer's 'Stop Trading': Value in Salesforce.com
Why? It's about Marc Benioff, the CEO of Salesforce.com. "Mark is an amazing manager," Cramer said. And while the stock's "not cheap, it shows great value for a growth stock."
Then this is what he said Yesterday July 10th. Price $65
"Tech is so awful right now. There isn't a single tech stock doing well. Salesforce is doing well, but no one cares. I want to stay away from that one."
What did he see in 2 weeks that made him change his entire mind about a stock that he was soo much in love with? I hate him, can't stand him and the only reason to see his picks are to make sure you do the opposite and the move will be supported. It seems like he has a great track record for picking stocks that are just at the top and will go down. Yet he pumps them like a rented monkey.
This is what he said on June 24th Price $75
Cramer's 'Stop Trading': Value in Salesforce.com
Why? It's about Marc Benioff, the CEO of Salesforce.com. "Mark is an amazing manager," Cramer said. And while the stock's "not cheap, it shows great value for a growth stock."
Then this is what he said Yesterday July 10th. Price $65
"Tech is so awful right now. There isn't a single tech stock doing well. Salesforce is doing well, but no one cares. I want to stay away from that one."
What did he see in 2 weeks that made him change his entire mind about a stock that he was soo much in love with? I hate him, can't stand him and the only reason to see his picks are to make sure you do the opposite and the move will be supported. It seems like he has a great track record for picking stocks that are just at the top and will go down. Yet he pumps them like a rented monkey.