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Salesforce.com: Buy on a pull-back |
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| Oct 08, 2009 07:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: salesforce.com inc (CRM), Stocks to Buy  There are stock plays, and then there are stock plays. Salesforce.com (NYSE: CRM) was expected to advance when first recommended on June 18, 2009 at a price of $40.16. Instead, CRM raced ahead, surging 47%. Accordingly, I'm Reiterating my Buy rating, but on a pull-back to $55-57.The larger point concerns the following: is the recent gain in Salesforce.com's shares telegraphing something about the approaching U.S. economic recovery? Perhaps. Put CRM's share gain in this context: if the share gain holds, it's not a bearish sign for the U.S. economy. Continue reading Salesforce.com: Buy on a pull-back Salesforce.com: Buy on a pull-back originally appeared on BloggingStocks on Thu, 08 Oct 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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