Indices are all UP on Fed Chief remarks released before testimony.
S&P 500 @ 1807.65, high 1808.96
Internals are positive by 2 to 1
Oil UP 3 cents
Gold UP $14.50
Canadian $ UP 22 tick @ 89.62
VIX Down 4.06% @ 14.64
In my portfolio :
Bought ZNGA @ $4.50
Portfolio JKS KOG MU ZNGA
Most stocks are UP
@ 11.05 following are red :
MU MA AMZN AMCC BBRY FB LNKD
BIDU NFLX KORS COH TSL CSIQ
LEN SINA DNKN CMG EBAY
GRPN ARUN RVBD BRCM
C SBUX WUBA SPWR
CSOD MS Z TRIP
YELP.....
BLOG does NOT give buy or sell.
PS...I have to attend a funeral thus an early BLOG.
Saleem
2 comments:
Hey Saleem,
Nothing much to say about CSOD and conference call. Everything is on the same track as before.
This quarter was almost dead middle of their guided range but due to a few small timing issues on when a service was actually delivered (and therefore revenue recognized) they didn't have upside. Next quarter and next year guided higher. Growth rate remaining solid at 51% in both revenue increases and billings increases YoY this quarter.
They feel their competitive positioning continues to be favorable (as rivals have withered) and they have expanded their sales team to attack more of the SMB market as well as international geographies.
Story still intact--growth is really pretty great, consistent 50%s. There might be some profit taking tomorrow after a nice multi-day run into this number and quick traders expecting more upside, but that isn't how this company will do it--they just provide consistent growth results.
Stocktrader
Hi Stocktrader,
I saw CSOD results, their guidance is above consensus.....I think it has a very good chance of closing green.....
Saleem
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