5 Reasons I Like Salesforce.com
Salesforce.com provides cloud computing and customer relationship management (CRM) software applications to businesses worldwide. I assume the title of this blog post gives away that I am bullish on the stock (ticker symbol: $CRM), so let's jump into the reasons why: 1) Strong fundamentals. The company has achieved 30-40% year-over-year revenue growth in each quarter over the past 2 years. I am expecting strong earnings growth to continue as well. 2) Strong technicals. The Daily and [...]
Why Wait Until January 1?
Every January 1, my Twitter and Facebook streams are filled with the same quotes: "Good riddance 20xx...This is going to be my year...So glad that year is behind me...I'm gonna kick ass this year...etc...etc." You know what I think? It's all bullshit. So many people think some magical turn of the calendar is going to kick start their lives, but usually, nothing ever changes. In fact, studies show that 95% of New Year's Resolutions are broken [...]
Where Do We Go From Here?
Right after the Presidential election, the market went into a downward spiral. It was 7 straight trading days where the market couldn't even sustain an hour-long rally. Why did this happen? There are many reasons, but the main one seems to be concerns about the Fiscal Cliff. Last week, the market recovered nicely to bring us about 1.5% away from the November 6th close. The big question now is: Where do we go from here? [...]
Our Country’s Biggest Problem
I was very fortunate to get a ticket to the Second Presidential Debate on October 16, 2012. While waiting in line to get in, I started talking to 2 Hofstra University students (1 male, 1 female) who won tickets to the event through the student lottery. For 30 minutes, we were laughing our asses off! I felt like a stand-up comedian and the 2 students were in tears laughing during our conversation...until the most horrible [...]
What Slash Taught Me About Stock Trading
My good friend Brent Fitz is an amazing drummer. He's currently touring with Slash & Myles Kennedy. Before their recent performance in New York, we got together to catch up on his busy touring life. Frank Sidoris also joined us (who by the way is one of the best young guitar talents out there). Here are a few things I learned during our dinner conversation: 1) Hard work. Once we sat down, I asked them [...]
Tips For Trading Potential Bottoms
It was nice to see some subtle signs of strength in the market today (11/1/12). By no means are we out of the woods, but I did notice a Day 6 Follow Through Day (FTD) on the S&P 400 Mid-Cap Index ($MDY). For those of you not familiar with the FTD concept, I suggest reading Chapter 9 in William O'Neil's book: How To Make Money in Stocks. If this is a potential near-term bottom, here are [...]