Jun. 23 at 10:19 AM
$CRM $NOW By rights these names should shoot straight up to the June 1 levels at minimum, and when you think about logical market forces, they should run much higher, even more than all time highs. Look at P/E ratios here! Now look at the high flying insane P/E ratios of the chips and memory guys. What we have witnessed is unlike many of us have ever seen. The market ignored fundamental value for months, but especially for the last few weeks. Coming back to NOW and CRM is not only a flight to safety but also to incredible earnings to come that have been consistent all along ( for years ). We should see parabolic moves in these names and others in this space. Up 20, 30, 50 for days and weeks? That's what we just saw with the Microns and Sundisks. Real steady earnings are built in with software outfits and they were treated like trash for far too long.
