EXIT RACKSPACE $RAX

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EXIT RACKSPACE $RAX

This post was just published on ZYX Short Change Alert.

Nice profits have previously been taken on this position, only 10% of the full core position size has been left.  This morning the stock is jumping on a large buyback.  Its earnings projections were weaker than expectations.  A big part of the rise today is short covering.  Less experienced investors may consider covering the remaining right here around $40.07, the price is very volatile and may be different by the time this post reaches you.  Experienced investors may consider waiting to see if there is an opportunity to cover at a lower price in the zone of $37.32 to $39.31.

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