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Rackspace Hosting, Inc. Message Board

  • gcock10 gcock10 Sep 22, 2009 12:23 PM Flag

    Sit tight and wait for late comers to make you Rich

    Hold on
    $25 by end of October

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    • Waited for the cereal box to shake out after the IPO, got in at $5+ and agree with the consensus of $26 by early next year. With it's head in the "clouds", I buy if RAX drops .25. Happy New Year From The Alamo City!

    • Gcock10,

      I like what you're saying...but I like $26.50 just a liiiiiiiiittle bit better. The way RAX is moving reminds me of a position I had in the old 'APCC", American Power Conversions, back in the early 1990's.

      See if you can find the chart somewhere; looking over my shoulder, APCC was very good to me.

      Me

    • I've got to agree with you. Rackspace is in a very specific business with minimal competitors, the exception being the monsters i.e. Google, Microsoft etc that could buy them out without batting an eyelash. Phenomenal growth with no time line on topping out in the near future and they already are seeing that.
      I noticed when the market went through small pullbacks RAX didn't move downward accordingly, which leads me to believe when tech takes off, RAX will blow right past 20.

 
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