Salesforce (Nasdaq:CRM) is hours away from their earnings release and the stock is dropping. Last minute nerves before this closely followed stock opens its kimono and reveals.
Earnings releases after close of trading are difficult. The numbers are hard but still secret. The possibility of a leak or someone getting it wrong is all too real.
Short interest rose ever so slightly on the last report. At this print the stock is off 2.19%. This is not a short squeeze. Negative sentiment rules.
George Gutowski writes from a Caveat Emptor Perspective.