Tuesday, September 19, 2006

 

Fly Sell: RACK

I sold short 10,000 shares of RACK @ $27.38.

# posted by Broker A @ 11:02 AM
Comments:
Hmmm...i'm pretty long RACK. The thesis being that the make such a sweet spot product that they either win independently or catch a bid from a larger server vendor.

But, maybe your thesis is right. What is your thesis?
# posted by Anonymous Anonymous : 11:20 AM
 
No thesis, just a trade.

I have been in and out RACK, long and short, since its IPO.

It is a great trading stock.

I feel the market is due for a pullback. Hence, the short position in RACK.
# posted by Blogger Broker A : 11:39 AM
 
Nice call so far. Falling hard.
# posted by Blogger Gio : 11:54 AM
 
Gio-

You still have your shorts?
# posted by Blogger Broker A : 12:01 PM
 
Yup. I still got MNST and SIRF. I was a weak ass yesterday and covered NVEC and KNOT.
# posted by Blogger Gio : 12:08 PM
 
Staying in the game is 50% of the work.

The other 50 is being smarter than everyone else.
# posted by Blogger Broker A : 12:18 PM
 
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