RACK, bullish for 1 day
- Thread starter qll
- Start date
hmmm, -$11.50 is very bullish?
from its current level.
read the earnings and hear the reason why it dropped 33%. it looks very positive. it beats this Q, and the full year. Only will miss the next Q. Shorts are coming due to the effects of AMZN and BIDU. shorts will think recent bearish earnings will lead the stock down whole day, but if you look carefully into RACK. Market leader with bullish trend. Slow down already factored in stock price.. Should be very profit trade for short term.
FMR CORP 3/31/2006 2,762,044 2,762,044 New $96,423
WELLS FARGO & CO/MN 3/31/2006 1,218,980 653,285 115.48% $42,555
DELAWARE MANAGEMENT ... 3/31/2006 1,217,600 888,900 270.43% $42,506
AMERICAN CENTURY COM... 3/31/2006 1,035,558 - - $36,151
PHINITY CAPITAL LLC 3/31/2006 1,000,000 400,000 66.67% $34,910
every big investor is adding shares
WELLS FARGO & CO/MN 3/31/2006 1,218,980 653,285 115.48% $42,555
DELAWARE MANAGEMENT ... 3/31/2006 1,217,600 888,900 270.43% $42,506
AMERICAN CENTURY COM... 3/31/2006 1,035,558 - - $36,151
PHINITY CAPITAL LLC 3/31/2006 1,000,000 400,000 66.67% $34,910
every big investor is adding shares
dont you think there is a reason that a stock loses 1/3 of its value overnight? I dont know anything about this stock whatsoever, but it seems to me that the overwhelming selling pressure implies an underlying weakness.
they are over reacting. you can listen to their CC yourself. most traders only follow the market, but i am looking for an intra day reveral today.
to put a price target. it is very possible to close around $30. although it is a long shot, but very possible if you see their 10Q and hear the CC.
cc on http://investors.rackable.com/medialist.cfm
45 minutes. the most important part is the question and answer section.
good luck.
45 minutes. the most important part is the question and answer section.
good luck.