CRM
Salesforce, Inc.
stockNYSE

It depends a lot on the company and if your 5th number is realistic. For example, if it’s adobe I have no confidence they can grow fcf by 6% for the next 10 years and I’d use an 11% discount rate to counter the risk of ai. But if it’s CRM I have more confidence that ai will be a tailwind and they can maintain fcf grow over 10 years, tho I’d still use a higher discount rate. The first 4 numbers don’t really matter to me when I’m forward looking and there are many software companies I think will not be able to grow earnings much. But there are a ton that I think got lumped into that group where I think ai will actually benefit them.

Thing is you can't. Yes you can make a shell of some saas lets say CRM but in reality there's so much trial and error, integrations, bugs and etc. Any bottom of the barrel dev could've built some saas over the weekend but in reality its much harder.

All I know is $ADBE, $MSFT, $CRM and $INTU are cooked because of anthropics Ai. Not to mention all video game stocks as well. ArtCraft is just the start, if you're not shorting big software you're missing out.

I had held OKTA stock for almost 10 years and recently exited after the runup. I think your 6 month and YTD timeframes for performance are bit skewed because OKTA got crushed by SasSpolcalypse fears. Just take a look at all the SaaS stocks of that era - PAYC HUBS MDB NOW VEEV WDAY - even a CRM which predates the era - they all got crushed and have experienced a recovery (maybe not so much HUBS). With OKTA, you got a little bit extra runup beyond SaaS recovery due to AI safety fears. In reality, none of these cybersecurity companies have an "AI" solution. "Containing an AI agent" is a novel concept that isn't a solution that is offered. Wall Street media's job isn't to present you with good information, it's to get you interested in making moves because liquidity makes them money. Wall Street media doesn't even have basic understanding of what these companies do.

No. AI company that bought SaaS apps to grow. But now we have outgrown those apps and have no appetite for crappy, “implementation services” heavy solutions. Why pay someone to customize a CRM solution built for nobody when we can make our own. For example: SFDC costs $2M in license + 5x that in implementation services and customization over 3-5 years. At $4M a year, I can get 5 decent engineers, give them Claude code with ultra code and can build a fully integrated CRM that does waaaaaay more than what we can get with SFDC. That was a what if maybe 1.5 years back. Not anymore. No one wants to pay that much flor clunky shit. On top of that we have to pay extra for data storage (close to $500k per year), and logs (another $500k per year). We have had enough of that BS. Might as well plop that money into product.

I sold CRM, RMBS recently. I also sold BNO, DINO stuff like that. The reason I will avoid BMNU right now is that cryptos are looking weak. There are better risk / reward.

I look at it as a salesforce.. changed how businesses do things, but eventually businesses started creating their own CRM system to handle their day-to-day and cut the costs. Don’t want to say it’s a direct correlation because obviously AI is a different animal and an overall shift into a whole different future globally.

I have felt this from the beginning I wouldn't touch anyone delivering a model right now. Too many Yahoo's and AltaVista's and perhaps one Google in the lot. Any winners will be the ones with corporate contracts. Claude code and OpenAI codex are good but I wouldn't personally bet on a winner this early. I think the software companies that took a hit earlier in the year from AI may end up being beneficiaries due to being deeply embedded already in corporate America and having the skill set to integrate and implement AI into the business processes they already perform. I think CRM and NOW could be ones to watch Just MHO

Had a post that questioned whether or not I had slowed down. This is an example of when I was trading to make money. It's one week out or this year. As you can see almost all the trades are for pennies but it adds up. I don't bet and I don't gamble.If I remember correctly all these trades finish on the plus side as in I made money on all of them. I either let them expire, closed them out or rolled them(out & down, out, or I sold my protection & rolled out and down) *didn't take a loss I managed my trades.* Date / Time Type Description Fee Comm Amount 06/01/2026 01:05:14 PM Bought To Cover 7 Put WMT 06/05/26 116.00 @ $2.74 (Order # 36088) $0.10 $1.15 ($1,919.15) 06/01/2026 01:05:14 PM Bought To Open 7 Put WMT 06/26/26 108.00 @ $1.04 (Order # 36088) $0.10 $1.15 ($729.15) 06/01/2026 01:05:14 PM Sold Short 7 Put WMT 06/26/26 112.00 @ $2.22 (Order # 36088) $0.10 $1.19 $1,552.79 06/01/2026 01:05:14 PM Sold To Close 7 Put WMT 06/05/26 114.00 @ $1.45 (Order # 36088) $0.10 $1.18 $1,013.80 06/01/2026 01:06:09 PM Bought To Cover 2 Put WMT 06/05/26 115.00 @ $2.05 (Order # 36089) $0.03 $0.33 ($410.33) 06/01/2026 01:06:09 PM Bought To Open 2 Put WMT 06/12/26 109.00 @ $0.52 (Order # 36089) $0.03 $0.33 ($104.33) 06/01/2026 01:06:09 PM Sold Short 2 Put WMT 06/12/26 112.00 @ $1.28 (Order # 36089) $0.03 $0.34 $255.65 06/01/2026 01:06:09 PM Sold To Close 2 Put WMT 06/05/26 114.00 @ $1.46 (Order # 36089) $0.03 $0.34 $291.65 06/01/2026 01:09:41 PM Bought To Cover 4 Call ET 06/12/26 20.500 @ $0.04 (Order # 36093) $0.06 $0.06 ($16.06) 06/01/2026 01:16:59 PM Bought To Open 5 Put AMZN 07/10/26 230.00 @ $1.47 (Order # 36097) $0.07 $0.82 ($735.82) 06/01/2026 01:16:59 PM Sold Short 5 Put AMZN 07/10/26 235.00 @ $2.06 (Order # 36097) $0.07 $0.85 $1,029.13 06/01/2026 01:29:12 PM Bought To Open 5 Put KO 06/26/26 76.00 @ $0.65 (Order # 36100) $0.07 $0.82 ($325.82) 06/01/2026 01:29:12 PM Sold Short 5 Put KO 06/26/26 77.00 @ $0.96 (Order # 36100) $0.07 $0.83 $479.15 06/01/2026 03:00:00 AM Option Expired 4 Put PNC 05/29/26 210.00 -- $0.00 $0.00 06/01/2026 03:00:00 AM Option Expired 5 Put TSM 05/29/26 370.00 -- $0.00 $0.00 06/01/2026 03:00:00 AM Option Expired 5 Put TSM 05/29/26 375.00 -- $0.00 $0.00 06/01/2026 03:00:00 AM Option Expired 6 Put PNC 05/29/26 205.00 -- $0.00 $0.00 06/01/2026 03:00:00 AM Option Expired 4 Put JPM 05/29/26 290.00 -- $0.00 $0.00 06/01/2026 03:00:00 AM Option Expired 2 Put PNC 05/29/26 212.500 -- $0.00 $0.00 06/01/2026 03:00:00 AM Option Expired 4 Put JPM 05/29/26 280.00 -- $0.00 $0.00 06/01/2026 03:00:00 AM Option Expired 4 Call VZ 05/29/26 52.00 -- $0.00 $0.00 06/01/2026 11:05:13 AM Bought To Open 2 Put JPM 06/12/26 275.00 @ $0.46 (Order # 36057) $0.03 $0.33 ($92.33) 06/01/2026 11:05:13 AM Sold Short 2 Put JPM 06/12/26 277.500 @ $0.65 (Order # 36057) $0.03 $0.34 $129.65 06/01/2026 11:08:15 AM Bought To Cover 4 Put CRM 06/18/26 170.00 @ $0.49 (Order # 36061) $0.06 $0.66 ($196.66) 06/01/2026 11:09:12 AM Bought To Open 2 Put JPM 06/12/26 275.00 @ $0.48 (Order # 36063) $0.03 $0.33 ($96.33) 06/01/2026 11:09:12 AM Sold Short 2 Put JPM 06/12/26 277.500 @ $0.66 (Order # 36063) $0.03 $0.34 $131.65 06/01/2026 11:12:37 AM Bought To Open 5 Put GOOG 06/12/26 345.00 @ $0.90 (Order # 36067) $0.07 $0.82 ($450.82) 06/01/2026 11:12:37 AM Sold Short 5 Put GOOG 06/12/26 350.00 @ $1.37 (Order # 36067) $0.07 $0.84 $684.14 06/01/2026 11:34:12 AM Bought To Open 5 Put MCD 06/12/26 257.500 @ $0.37 (Order # 36068) $0.07 $0.82 ($185.82) 06/01/2026 11:34:12 AM Sold Short 5 Put MCD 06/12/26 260.00 @ $0.58 (Order # 36068) $0.07 $0.83 $289.15 06/01/2026 11:39:30 AM Bought To Cover 1 Call ET 06/12/26 20.500 @ $0.04 (Order # 36069) $0.01 $0.01 ($4.01) 06/01/2026 12:18:29 PM Bought To Open 5 Put PFE 06/12/26 24.500 @ $0.08 (Order # 36074) $0.07 $0.82 ($40.82) 06/01/2026 12:18:29 PM Sold Short 5 Put PFE 06/12/26 25.00 @ $0.18 (Order # 36074) $0.07 $0.83 $89.15 06/01/2026 12:19:31 PM Bought To Cover 5 Put AMZN 06/18/26 252.500 @ $3.27 (Order # 36077) $0.07 $0.82 ($1,635.82) 06/01/2026 12:19:31 PM Bought To Open 5 Put AMZN 07/02/26 240.00 @ $2.22 (Order # 36077) $0.07 $0.82 ($1,110.82) 06/01/2026 12:19:31 PM Sold Short 5 Put AMZN 07/02/26 245.00 @ $3.03 (Order # 36077) $0.07 $0.86 $1,514.12 06/01/2026 12:19:31 PM Sold To Close 5 Put AMZN 06/18/26 250.00 @ $2.66 (Order # 36077) $0.07 $0.85 $1,329.13 06/01/2026 12:19:59 PM Bought To Open 2 Put PG 07/02/26 134.00 @ $1.57 (Order # 36078) $0.03 $0.33 ($314.33) 06/01/2026 12:19:59 PM Sold Short 2 Put PG 07/02/26 135.00 @ $1.75 (Order # 36078) $0.03 $0.34 $349.65 06/01/2026 12:23:49 PM Sold Short 1 Put NLY 06/12/26 21.500 @ $0.20 (Order # 36081) $0.01 $0.17 $19.83 06/02/2026 01:10:21 PM Bought To Cover 5 Call ET 06/26/26 20.500 @ $0.16 (Order # 36114) $0.07 $0.82 ($80.82) 06/02/2026 09:50:14 AM Bought To Cover 3 Put NFLX 06/05/26 85.00 @ $1.85 (Order # 36105) $0.04 $0.49 ($555.49) 06/02/2026 09:50:14 AM Bought To Cover 2 Put NFLX 06/05/26 85.00 @ $1.84 (Order # 36105) $0.03 $0.33 ($368.33) 06/02/2026 09:50:14 AM Sold Short 5 Put NFLX 06/12/26 83.00 @ $1.44 (Order # 36105) $0.07 $0.84 $719.14 06/02/2026 09:50:14 AM Sold To Close 3 Put NFLX 06/05/26 83.00 @ $0.81 (Order # 36105) $0.04 $0.50 $242.49 06/02/2026 09:50:14 AM Sold To Close 2 Put NFLX 06/05/26 83.00 @ $0.80 (Order # 36105) $0.03 $0.34 $159.65 06/02/2026 10:53:04 AM Bought To Cover 4 Put WMT 06/12/26 116.00 @ $3.76 (Order # 36107) $0.06 $0.66 ($1,504.66) 06/02/2026 10:53:04 AM Sold Short 4 Put WMT 06/26/26 112.00 @ $2.38 (Order # 36107) $0.06 $0.68 $951.31 06/02/2026 10:53:04 AM Sold To Close 4 Put WMT 06/12/26 114.00 @ $2.38 (Order # 36107) $0.06 $0.68 $951.31 06/02/2026 11:00:45 AM Bought To Cover 2 Put WMT 06/12/26 115.00 @ $3.03 (Order # 36110) $0.03 $0.33 ($606.33) 06/02/2026 11:00:45 AM Sold Short 2 Put WMT 06/26/26 112.00 @ $2.33 (Order # 36110) $0.03 $0.34 $465.65 06/02/2026 11:00:45 AM Sold To Close 2 Put WMT 06/12/26 114.00 @ $2.40 (Order # 36110) $0.03 $0.34 $479.65 06/03/2026 02:10:12 PM Sold Short 2 Put CVX 06/18/26 175.00 @ $0.54 (Order # 36139) $0.03 $0.34 $107.65 06/03/2026 02:18:29 PM Bought To Open 2 Put PG 07/02/26 134.00 @ $1.03 (Order # 36143) $0.03 $0.33 ($206.33) 06/03/2026 02:18:29 PM Sold Short 2 Put PG 07/02/26 135.00 @ $1.23 (Order # 36143) $0.03 $0.34 $245.65 06/03/2026 03:29:42 PM Sold Short 1 Put NLY 06/12/26 21.500 @ $0.47 (Order # 36146) $0.01 $0.17 $46.83 06/03/2026 10:49:18 AM Bought To Cover 5 Put NFLX 06/05/26 84.00 @ $2.62 (Order # 36117) $0.07 $0.82 ($1,310.82) 06/03/2026 10:49:18 AM Sold Short 5 Put NFLX 07/17/26 80.00 @ $3.74 (Order # 36117) $0.07 $0.86 $1,869.12 06/03/2026 10:53:04 AM Bought To Open 1 Put IBM 06/18/26 267.500 @ $1.84 (Order # 36118) $0.01 $0.16 ($184.16) 06/03/2026 10:53:04 AM Bought To Open 1 Put IBM 06/18/26 267.500 @ $1.85 (Order # 36118) $0.01 $0.16 ($185.16) 06/03/2026 10:53:04 AM Sold Short 1 Put IBM 06/18/26 270.00 @ $2.12 (Order # 36118) $0.01 $0.17 $211.83 06/03/2026 10:53:04 AM Sold Short 1 Put IBM 06/18/26 270.00 @ $2.13 (Order # 36118) $0.01 $0.17 $212.83 06/03/2026 10:54:27 AM Bought To Open 2 Put NVDA 06/18/26 195.00 @ $1.32 (Order # 36119) $0.03 $0.33 ($264.33) 06/03/2026 10:54:27 AM Sold Short 2 Put NVDA 06/18/26 200.00 @ $2.02 (Order # 36119) $0.03 $0.34 $403.65 06/03/2026 10:57:08 AM Bought To Open 2 Put BAC 06/12/26 49.500 @ $0.38 (Order # 36123) $0.03 $0.33 ($76.33) 06/03/2026 10:57:08 AM Sold Short 2 Put BAC 06/12/26 50.00 @ $0.53 (Order # 36122) $0.03 $0.34 $105.65

I’m telling yall CTSH is going to pull a rabbit out of a hat and make the identical move ACN and CRM did

Its CRM, they did it already

I think you are trying to apply logic to markets which generally doesn't work. More so in non buy and hold strats. Just simply go back and look at SMH days and see what ADBE, or really most SAAS companies do when SMH is up or down. I held CRM and ADBE puts earlier this year for really good gains so I was constantly watching. When the AI trade was pumping, SAAS went down. When the AI trade was pulling back, SAAS went up. They are inverse trades. At the end of the day short any SAAS is just long AI.

This year I wheeled CRM, HOOD, INTC, SOFI. CRM is my biggest loser by far. I got caught in the software drawdown in the beginning of the year and got caught selling calls way under cost basis and got caught when it rocketed back up and realized a -10k loss. INTC was printing for me since July, but has now had a -20% drawdown in the past week or two. HOOD has been doing decently for me. SOFI is just a dog of a stock but thankfully I'm not too extended there.

CRM and NOW are up

CRM wow

Today's biggest movers in my portfolios. 🟢 Biggest gainers: $CRM +4.37% $IREN +4.01% $NOW +2.09% 🔴 Biggest losers: $ADBE -2.41% $DRAM -2.40% $UBER -0.87% A mix of winners and losers, all part of the journey. 📈

Here are today's top pre-market performers showing the biggest moves before regular trading hours. ## 📈 Pre-Market Gainers: | Symbol | Company | Pre-Market | Regular Hours | Change | %Change | |:-------|:--------|:----------:|:-------------:|:------:|:-------:| | [CRM](https://marketrodeo.com/asset/CRM) | Salesforce, Inc. | 239.09 | 229.13 | +9.96 | +4.35% | | [IREN](https://marketrodeo.com/asset/IREN) | IREN Limited | 36.68 | 35.19 | +1.49 | +4.23% | | [IEX](https://marketrodeo.com/asset/IEX) | IDEX Corporation | 243.96 | 234.29 | +9.67 | +4.13% | | [ASTS](https://marketrodeo.com/asset/ASTS) | AST SpaceMobile, Inc. | 53.00 | 50.97 | +2.03 | +3.99% | | [BMY](https://marketrodeo.com/asset/BMY) | Bristol-Myers Squibb Company | 61.32 | 59.12 | +2.20 | +3.72% | ## 📉 Pre-Market Losers: | Symbol | Company | Pre-Market | Regular Hours | Change | %Change | |:-------|:--------|:----------:|:-------------:|:------:|:-------:| | [HONIV](https://marketrodeo.com/asset/HONIV) | Honeywell International Inc. Common Stock Ex Distribution When Issued | 240.10 | 256.01 | -15.91 | -6.21% | | [ALB](https://marketrodeo.com/asset/ALB) | Albemarle Corporation | 96.80 | 101.27 | -4.47 | -4.41% | | [SQM](https://marketrodeo.com/asset/SQM) | Sociedad Química y Minera de Chile S.A. | 61.50 | 63.91 | -2.41 | -3.77% | | [STLD](https://marketrodeo.com/asset/STLD) | Steel Dynamics, Inc. | 229.98 | 238.38 | -8.40 | -3.52% | | [SOXL](https://marketrodeo.com/asset/SOXL) | Direxion Daily Semiconductor Bull 3X ETF | 135.02 | 139.76 | -4.74 | -3.39% | Source: [Market Extended Hours](https://marketrodeo.com/market-extended-hours)