Mar. 17 at 6:18 PM
$CRM I may start unwinding position soon. You know why
$NOW has nearly regained their levels from early January? Conviction. CEO buying stock and freezing stock sales.
A
$50B stock buyback is nice, but Benioff has shown zero conviction into buying the stock himself. He only leveraged his company’s balance sheet. Salesforce made me a ton of money last year trading it. But it may be time to lick my wounds and take the loss.