CRM Top is in !

Discussion in 'Stocks' started by GhostofLivermor, Sep 16, 2010.

  1. I'm not found of calling Tops but this one is too good to pass up.

    CRM Short from $117

    Has memories of CROX top written all over it.
  2. market is currently in an uptrend. Why are u fighting it by going short on a stock thats been in 'power up' mode ?
  3. gov


    Uh-huh. I pulled that chart, looks like 1999 all over again. Thinking that's topped is horseshit thinking at best.
  4. It's out of gas and it's spent its load.

    It's basically dead meat floating in the water right now waiting for sharks.
  5. NoDoji


    Have you ever counter-trend traded before? You're shorting at a zone where trend followers look to enter long or add to their longs.
  6. lots of shorts right now thinking the way you are. But with the market continuing to push up, its only going to squeeze the shorts even more.
  7. I've lost more money counter trend trading then most of this room combined lol.

    I'm fully aware of the risks.

    Those shorts are the smart money this time ;)