Friday, September 22, 2006

 

Position Updates: RACK

So far, RACK has survived two days of distribution, but so has AKAM and several other networkers.

My bet is for capitulation of the longs, as the ugly, fat faced market scares them into selling RACK.

Additionally, it is my belief that RACK is undergoing margin erosion in some of its key products.

Finally, I will look to cover around $23-24.

NOTE: Homebuilders are up today. I consider them too risky, ahead of next week's economic data.

# posted by Broker A @ 3:07 PM
Comments:
Haha.. i'm holding RACK up with my 500share long.
# posted by Anonymous Anonymous : 3:18 PM
 
Andrew-

I like you-- but I want your stock to die.
# posted by Blogger Broker A : 3:20 PM
 
I like you too Fly but it's my 500share against yours... :)
# posted by Anonymous Anonymous : 3:22 PM
 
Why don't we both help drive NBR lower.
# posted by Anonymous Anonymous : 3:23 PM
 
It doesn't need help. That turd digs dirt on its own.
# posted by Blogger Broker A : 3:25 PM
 
Hey you with your 500 shares,I bet you holding and up about 5 points ...soooo who care,now if you brought at 28 or 27 that would be a story
# posted by Anonymous Anonymous : 3:25 PM
 
Tech is rallying big here.

Go ADBE.
# posted by Blogger Broker A : 3:26 PM
 
I got it at 27.80 on break of 12:30 15min candle.
# posted by Anonymous Anonymous : 3:29 PM
 
You bought RACK at 27.80?

You are nuts.
# posted by Blogger Broker A : 3:30 PM
 
Broker how much RACK you sell total? Considering jumping in with you as I see it about to pop.
# posted by Anonymous Anonymous : 3:32 PM
 
it's on a tight leash.
# posted by Anonymous Anonymous : 3:32 PM
 
about 22,000 short.
# posted by Blogger Broker A : 3:36 PM
 
Oh:

Please don't do anything I do. Just laugh at me when I am wrong.

I'd hate to guide anyone into a loser.
# posted by Blogger Broker A : 3:37 PM
 
wow.. that is a shitload of shares.. what's your stop?
# posted by Anonymous Anonymous : 3:40 PM
 
No stop.

I use my best judgement and will average up when needed.
# posted by Blogger Broker A : 3:42 PM
 
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