Wednesday, September 27, 2006
Position Updates: RACK
Rackable Systems-RACK downgraded to Sell from Hold on valuation@Matrix Research
Managers who have been burnt, have tried hard to save their quarter by placing bets on tech. And it worked.
Beware of profit taking. These guys hold no prisoners.
Meaning: I will never get rid of it.
However, besides INTC, I am VERY skeptical on the semi's earnings power this qt.
We may get hints of what's to come with the LRCX qt.
I believe they are the first big semi to report.
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