Tuesday, January 26, 2010

Bookkeeping: Stopped Out of 55% of Rackspace Hosting (RAX)

The market continues to take us out of position after position... a limit order to stop out of 55% of the position in Rackspace Hosting (RAX) executed this morning below our target of $20.40.  We continue to see stock after stock break below its 50 day moving average even as the indexes sort of hold up.... quickly running out of material long positions.

Long Rackspace Hosting in fund; no personal position

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