SSS - Quick Take on CRM as a Short-Sale Target
We note that CRM, despite being "way down there" per our original assessment, is in fact gapping down through the $100 level on huge volume - this could be considered a major downside "breakout," so it is possible to short the stock using the $100 level, roughly the high of the day, as your upside stop. We are trying this out, but again, as with all our short positions, we remain fluid here.
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