On first pullback, we will get into...

Salesforce.com. This was featured on Cramer and I am taking a hard look at it. However, it would be a sucker move to get into it now as it is overbought. I am thinking about it and I am waiting for a pullback before I make a move. Lets take a look at it:

This looks like a good long term growth stock. Under the Revenue Est, look at the sales growth...20% per year. The growth est, the catagory right above, has CRM decently above the industry benchmark and way above the S&P 500. It also has a decent suprize every quarter at earnings as well. While as is this stock is not going to light any fires short term, If in at the right technical point this would be a decent stock to write covered calls on or to simply purchase calls and puts on depending on the point in the technical cycle. Lets look at the chart:

You can see that the stock is currently overbought, and we need to wait for a pullback before we enter. Cramer from Mad Money actually brought this stock to my attention from his 'Lightning Round' and so I pulled it up here to take a look at it. As contrarians we do not jump right in with the rest of the public; we instead wait for a pullback.

Tradinginsider