CRM is going to become a behemoth in the future.
I guess you could say i believe CRM is on its way to become the next ORCL. I don't see any reason why it wouldn't.
CRM specializes in on-demand software applications. "On-Demand" applications will become huge in the future. The company is in a hypergrowth stage right now. Salesforce (CRM) competes with Siebel Systems, which was acquired by Oracle. In my opinion, Siebel Systems was getting its arse kicked by CRM, a very strong contender that went ipo only 2 years ago. CRM currently has over 300 different applications on their site. One of their most recent product is the ScanR, a business card scanner service which allows you to take picture of business cards with a camera phone or digital camera and have those scanned cards organized digitally for you.
I am sorry i didn't get you guys into CRM in the low $20's . I spoke of this company last year and how much i liked it. If Siebel Systems couldn't handle Salesforce.com in the customer relationship management arena, i don't think combining with Oracle will make much difference either. In my opinion, Saleforce.com (CRM) will eventually own that space.
CRM has a really nice chart, for short term, intermediate term and i like it alot for the long term.
Beanie's 4 Horsemen:
1)CRM
2)GOOG
3)AAPL
4)AKAM
(Note that both CRM and GOOG have a large insider ownership.)
16 Comments:
CRM: This is one stock i think you should own some in your 401k. The other one is GOOG.
SMSI: if you dont have the stock, i suggest you buy some here now.
what do you think of TIE, GG and VLO here?
Tell me that you scooped some RVBD up earlier on the dip!
anonymous,
All three of those are commodities stocks. They also appear to be bottoming.
The chart of SMSI is looking up to be really good.
what is the target on VLO and TIe beanie,short term?
anonymous,
VLO target 55-58
TIE has strong resistance around 26-27 that it needs to take out to head higher.
AKAM is a buy here!
is ATI a buy here?
beanie..looks like for short term...money might be rotatiing out of retails and techs into commodities and oil..what do you think>?
anonymous,
that's just for today. We don't have a trend yet, with the exception that the rotation is still into tech (just profit taking for the time being)
go AKAM go!
is MA goog entry here?
MA is good entry at any point, but even better entry on dips. I believe MA is on its way to $100
*** If i tell ya that a particular stock is good for a long term investment (like CRM, MA, GOOG, AAPL, AKAM...) that means it's a really good buy on any dips. You can treat them as day or swing trades, by buying when the stock is down alot in one (or two) day.
You will keep on losing money if you sell when the stock has already gone done and then buy when the stock has already gone up.
Also please be aware of what your timeframe for your trades are. Don't confuse daytrades with swingtrades or long term trades.
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