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Friday, November 19, 2010

CRM

I thought about saving this, as this is likely going to be the big gainer on the IBD 100, but decided that timely reporting is more important. CRM reported earnings and pretty much blew out estimates, resulting in a huge gap that made moot any debate about where the actual breakout point is. This is one of the so called "c\loud computing" stocks, and much of this is probably Cramer style hype, but an IBD type trader pays no attention to that, he just watches price and volume, and in this case, that is all that matters.

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