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SSS - Intra-Day Assessment of Current Short-Sale Targets CRM and LNKD

We note that despite a big gap-up day for the major market indexes, both of our short-sale targets, Salesforce.com (CRM) and LinkedIn (LNKD) are underperforming as they are both currently trading down on the day, albeit slightly.

This relative weakness confirms our view that these remain short-sale targets, using the 50-day moving averages on each, 151.78 for CRM and 103.54 for LNKD, give or take 2-3% depending on your personal riskm preference. Both remain "in play" as short-sale targets, particularly if the general market weakens from here and/or is unable to sustain the big gap-up news rally, a rally that is arguably logical given the market's obviously oversold position last week.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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