AustinBarnard
Long

CRM - 2 Bullish Trade Ideas

NYSE:CRM   SALESFORCE.COM INC
CRM acquired Tableau today and price dropped -4%. Patiently waiting for price to drop to $148.5 to enter two long trade positions. A tight stop loss just below the recent low makes for risk rewards of 6:1 and 11:1. I like the business industry, the product, and the team. The acquisition today was all stock, and Tableau will add around 2.5% ($400M) to their total annual revenue.
You got $148.79 today. I'm glad I was also riding SPY puts along with loading these calls today - kept me solvent. Did you take the plunge and initiate the trade? @AustinBarnard
+1 Reply
AustinBarnard StockPickingEnthusiast
@StockPickingEnthusiast, i have been long crm and added to my long recently around 147. in terms of this trade - no i didnt open a position yet.. i still think theres a decent chance price goes back to 147 again
+1 Reply
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