Tech stocks are generally bullish now...intc, msft, amzn, ibm....so if rax doesnt trend up tomorrow then I may just put my rax money into rvbd.
What is rax's competitive advantage over msft, amzn, ibm, etc in the cloud computing space besides excellent customer service?
I am already long with rax june $20 calls. I purchased 8 at $1.55 a couple days ago and finally now at breakeven.
However, I just trying to decide if I should put that money into rvbd or just stay with rax.
Thats true...one shouldnt look at PE (past) since many small cap fast growing tech stocks have high PE's. Instead one should look at the Forward PE and thats what traders will be watching. I held rax today (didnt sell).
Ahhh 35. I can recall the CCU growth days when that would be miniscule. Bought the IPO at $10 and sold at $89+. Different animals...same city.$18.74 on the 8th..closing in on $20 with the market still open.. Must be something in the water! Don't want to be kicking yourself some day...I join styo in wishing you a fine day.
Honestly, I already had a "ring around the rosy" on this topic with you. You can't EVER come up with anything besides P/E is high.
P/E is high for BIDU, CRM...lots of companies. We value companies on FUTURE Growth...that's called a forward P/E. Its at 35. very reasonable for a company PROJECTED to grow EPS over 50% next two years. I could care less about trailing P/E of 85. That's in the past. We look at FUTURE!!!
Goodbye. Hope your enjoying today.