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Bookkeeping: Cutting Rackspace Hosting (RAX) to Holding Position

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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

 
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Created by dowfollower 1 year 48 weeks ago – Made popular 1 year 48 weeks ago
Category: Fundamental Analysis   Tags: