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Rackspace Hosting, Inc. Message Board

  • mary1353 May 8, 2013 2:04 PM Flag

    dam shorts

    You guys are what i like to call rag pickers..You can pick a stock you just bash and shorts and pray for pennies .. Find a good company and do yer homework and act like ya got some brains /even thou in most cases ya don;t have a clue!!!!

    Sentiment: Strong Buy

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    • mary - i wrote about rax's troubles several times from august til around october when i talked about how it missed its earnings 3 out 4 quarters!!! yet, for 2 quarters of last august and in october, rax went up in price - despite missing its estimates!! it went from $40 last august to $80 in january!! in february, it was at $75 when it reported earnings and MISSED yet again!! it dropped the next day to $60!! then it dropped further to $43 just last month!

      you NEED to understand a company in order to understand where its stock's price will go! missing earnings for 3 out of 4 times (but yet going up two of those 4 times) is NOT a company that is going to do well in the mid to longer term!! i said to a friend 2 months ago when rax was at $60 that it was going to $40 - and i stand by that today too!

      if you looked moreso into a company's past reporting seasons, then you'd have been very wary to keep any shares you own in rax going into its reporting date! and, a sure fire way to tell it was going to drop today was its huge run up in price today of $2.50 - PLUS being overbought on the chart! that kind of price action plus indicators told the tale of what rax would do after it reported today!

    • shorts have total control of stocks with no uptick rule from SEC, high frequency trading unrestrained and "news risk" hyping from CNBC and other yellow journalism firms making everything more sensational than it really is.

    • c.huish123 May 8, 2013 5:25 PM Flag

      still a strong buy now? If so, you just lost 18% in a matter of 1 hr and 25 mins. Don't you wish there was a way you could fill in "EXCELLENT STRONG BEST VALUE BUY" since it's lost 18% and counting????

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