That was a short stay. Last Thursday, Rackspace Hosting (RAX) broke out on huge volume out of a multi month base. Then Friday the US markets finally sold off more than 1%. The situation was still "ok" (not great, but ok) as of Friday since it held $20, but today it has returned right back to the base, and the basis for the trade is over. Hence I will sell and take my lousy 7% loss. We have had no luck with this stock on multiple iterations.
No position
x
Monday, April 19, 2010
Bookkeeping: Closing Rackspace Hosting (RAX)
Posted by
Mark
at
2:21 PM
Bookkeeping: Closing Rackspace Hosting (RAX)
2010-04-19T14:21:00-04:00
Mark
Rackspace Hosting|
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Labels: Rackspace Hosting
Bookkeeping: Closing Rackspace Hosting (RAX)
2010-04-19T14:21:00-04:00
Mark
Rackspace Hosting|
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