Here's my reasoning:
30 TIMES SALES = Explosive growth expected for this $500 million in annual revenues "cloud" computer services company. Sporting a monstrous $15 billion market cap with a tiny $500 million in revenue is an incredible valuation only afforded because of the stock market and the way that stocks "FLOAT" on the most recent buyers and sellers flipping shares back and forth to each other. If you closed the market for a year and asked everyone to adjust their positions accordingly before such an event, then I think you would see a very different price for the shares of WDAY . Given the insidious valuation and the likelihood of a rally from this oversold condition, be prepared to sell short on the next squeeze up to the 88-92 level and look for new 52-week lows in the not too distant future. Risk 3 ATR's from entry.
9:03AM 6/12/2014 81.20 last WDAY
Updated 1:12PM 6/16/2014 85.35 last WDAY