Bookkeeping: Cutting Rackspace Hosting (RAX) to Holding Position
http://feedproxy.google.com –
Monday morning I cut 60% of our Rackspace Hosting (RAX) as the stock was not participating in a rally led by small and mid caps. Today, with the stock still acting as if it's in a bear market I am cutting almost all the rest. Indeed, if I had more long exposure to balance against it, I would be flipping this into a short position. If one of my other short positions stops out, I will probably replace it with RAX as the stock does not want to rally despite massive
Read the full story...

Category: Fundamental Analysis Tags:
Navigation
Tag Cloud
Popular Today
- 6FX Traders Bet On Imminent Resolution To Greece Talks
- 5Driving Value for Pharma and Biotech Companies: Insights from Biotech Showcase 2012
- 5The Fed Resumes Printing
- 5Platform Technologies Promise Big Payoffs: Juan Sanchez
- 4The Real Truth Behind the New Jobs Numbers
- 4Gold Prices Driven Higher by Europe and China: Greg Weldon and Grant Williams
- 43 Turnaround Stocks You Should Buy NOW
- 3How To Manage Risk In A Dividend Portfolio
- 2A New Reason Gold Stocks Will Soar
- 2After a 40% Surge, This Stock Could Give it all Back