Nasty Dooshers (short selling)

[zenvesting]

researcher59, I'm not sure if you're still short CRM; but I figured this blog entry might interest you if you were. It popped up on E-Trade this afternoon.

Apparently, this blogger heard rumor that CRM is going to announce the integration of Google Apps on April 14th. News like this might cause even more irrational exuberance to drive CRM higher. I'm still considering what to do with my puts. While I doubt this will result in any significant new revenue for CRM, I could see the momentum crowd getting all worked up over this.....and start trying to push CRM up to a similar stock price to that of GOOG or something, lol!

http://seekingalpha.com/article/71596-watch-for-google-apps-salesforce-to-integrate?source=etrade

So there could be an even better entry for a long term short coming soon? I mean CRMs fundamentals have peaked, they are losing their first to market advantage as we speak.....with Microsoft introducing SaaS with target prices at a 50% discount to CRM....and Oracle and SAP also entering the market this year....CRM's growth is going to slow...and their margins are going to get squeezed....but it's just a matter of when the market will stop pricing it like it's the Holy Grail.

Then again, on technicals, the chart looks like it could be forming a double top here......hmmm....what to do?