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Rackspace Hosting, Inc. Message Board

  • kurlabr kurlabr Feb 14, 2012 10:27 AM Flag

    $52 close and headed to $40

    Today is up on good earnings and a squeeze through highs. This stock will definitely sell of today at some point and is headed to $40 over next month! This sector has had its run and this RAX is not a pure cloud play as they want you to think!!!!!!!!!!

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    • I just sold my small position for a nice 40% gain. I'd be inclined to believe you if RAX didn't meet earnings expectation, but they did and the shorts got burned. Granted this isn't a pure cloud play and the PE is in the nosebleed section, I'd imagine RAX will rest in the $48-$52 range for the next few months. Revenue looks to be improving so the forward PE should be lower than the current. If ever we see <$46, I'll be buying again...but I won't be holding my breath.

 
RAX
34.36+0.52(+1.54%)Aug 26 4:02 PMEDT

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