Sonic Money - Tireless Stock Research For Free

Sonic Money is a sounding board for my personal investments strategies and stock research. It will be updated in real time. As I make moves in these financial waters you will be able to either join in or watch from the sidelines. Either way my goal is to make money every day through picking long term stock winners, shorting stocks that shouldn't be posting gains, betting on sectors that are experiencing tremendous growth, and posting profits that make people take notice.

Friday, January 11, 2008

Sell CRM - Short Now @ 55.30

"SugarCRM. Yet another open-source company, it offers, as its name suggests, software for customer relationship management, things like sales force automation and customer support. It is also on-demand. Think of it as an open-source version of SalesForce.com (CRM). The word is that it is cash flow positive."

Quote from: http://money.cnn.com/2008/01/10/markets/ipo/copeland_ipowatch.fortune/index.htm?source=yahoo_quote

RATED STRONG SELL

This spells bad news for CRM. They have increasing competitors like Netsuite and now SugarCRM. Its time to sell. I am selling short @ 55.30
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