| Salesforce.com: A Good Short at Its Current Valuation David White submits:Many complain about HFT, but it can create opportunities for both the “Big Boys” and for you. HFT traders love to short squeeze highly shorted stocks, especially ones that are high growth stocks. The more highly shorted they are, the more easily they can be pushed up, especially in a rising market. Many times the valuations make no sense. Yet people keep buying based on momentum or emotion. The HFT traders love this because they can keep squeezing the shorts with the help of these momentum and emotion traders. The trick is to figure out when the HFT traders are going to let the stocks fall. People have been saying CRM is too highly valued for some time now. EPS growth was -30.40% year over year in the most recent quarter (Yahoo Finance). Yet CRM has gone up 20+% in the last month. The EPS estimates have remained virtually unchanged for the past 3 months (Yahoo Finance). The growth is projected to be a healthy 87.80% in 2010, but a more restrained 28.80% in 2011. On top of that there has been a large amount of insider selling. Virtually all insider transactions have been sales for the last month or more. The Chairman/CEO Marc Benioff has been selling approx. 10,000 shares every day since at least the beginning of August (I didn’t bother to look further back). This amounts to in excess of $25M in CRM stock.Complete Story » seekingalpha.com |
Nintendo's 3DS to Hit Japan in February, Elsewhere in March Nintendo's 3DS, the first portable game device with a 3D screen, will go on sale in Japan on Feb. 26 next year, the company said Wednesday. Nintendo - Japan - Nintendo 3DS - Nintendo DS - Games feeds.pcworld.com |
Facebook, Skype Poised to Enter Partnership All Things Digital reports that the social networking giant and Internet phone company are about to enter a "significant and wide-ranging" partnership. feeds.pcworld.com |
Hotels May Be Subject to Strict EU Rules for Providing Wi-Fi New rules in the Netherlands could see hotels forced to register as ISPs; thus subject to the E.U.'s stringent rules on data retention. feeds.pcworld.com |
Medal of Honor Reviews Lukewarm, EA Spins Reception Video game publisher says day one sales of rebooted modern-day military shooter are "great," sidesteps lower-than-expected popular site review scores. feeds.pcworld.com |