CRM Trade on Dec 2, 2020 00:00 from aristocks: Tradervue User Stock Trades.

Gravatar

Shared by
aristocks

 

Shares traded: 1000
Closed Gross P&L: $2775.00

Tags:

CRM salesforce slack

Bought 500 shares of $CRM at $219.30 after the earnings and slack acquisition announcement.

While I agree price was a bit steep in the short term, I believe in the long term will be able to integrate it and take full advantage of the technology, drive revenues and take on $MSFT.

I admit I could have waited a bit longer and wait for investor day next week and have a confirmation of support maybe at around 200$ (50 days MA), but because I believe its a great acquisition, price might not that low.

In case it does, will consider by some 200$ PUT options.

Got frustrated with the movement. Although SP held really well, it has not moved after investorday.. This suggest investor are still waiting to see how slack acquisition will pin out?
Will come back later in the month or maybe beginning jan 2021


Execution detail:

Date/time Symbol Qty Price Position
2020-12-02 00:00:00 CRM 500 $219.570 500
2020-12-09 10:34:24 CRM -500 $225.120 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in