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$RXT has surged high today. If you followed what I said yesterday, you should make some profit now.. If not, still not too late. It just begun the 2nd breakout. Many investors starting to gain the position in it. Check it out.
5-star analyst Ashwin Shirvaikar from Citigroup rated $IBEX w/a Buy and a $22 price target. Also rated $RXT as a buy with a $26 price target. Ashwin Shirvaikar's Stock Coverage https://www.tipranks.com/analysts/ashwin-shirvaikar
Follow the money, and the money is certainly not following $RXT.
Just before the $22.75 run, there was a press release by the company almost every day. Ever since they announced the results of the tender offer, it's been crickets. Just check the news section for $RXT. The story about Amazon also looks like a planted story just to pump the price up at a convenient time, when the stock was tanking.
Here is the title of the story that appeared in Yahoo Finance on Sep 1, "Rackspace CEO on recent earnings, AWS partnership." Interestingly, it is the same date that the stock hit the 52 week high. In my opinion, the title of the story was misleading. "AWS partnership," really.
It came out almost a month ago and Amazon still needs more time to decide. Besides Amazon had all the time to buy a stake before the IPO. How does it make sense for Amazon to all of a sudden show interest right after the stock starts to trade?
Everyone who bought the IPO at $21 has probably long gone. The underwriters had option to buy additional shares at $21. I bet they have bought the shares and sold in the run up to the $22.75 price.
The post is just my opinion, based on how the stock activity. Do your own homework before investing in this or any other stock.
Fwiw, I did sell quite a few stocks today that I really like. It was a compromise. Here are a few I am not letting go at these ridiculous levels: $GEVO, $PLUG, $RXT, $SPCE, $IDEX, $ACRX I also re-entered into $WKHS
P.S. The house is voting on stimulus plan on Friday, last I checked.
It looks more and more like nothing is going to happen until they release latest earnings on Monday. Up or down, Amazon or no Amazon, we'll find out either way. I give up trying to figure out what's wrong with $RXT.
T
Takes a strong stomach to buy on volatile days to get a good price. Like to buy $MSFT under $200 and $AAPL under $100. $RXT under $18.00 - missed it today. Get another chance before or after the election.
Tout commentaire contraire à la réglementation en vigueur (et notamment tout commentaire à caractère raciste, antisémite ou diffamatoire) pourra donner lieu à la suppression de votre compte Yahoo.
Le cas échéant, certains commentaires que vous postez pourront également donner lieu à des poursuites judiciaires à votre encontre.
VP AWS Professional Service, VP Global Sales, CTO EMEA, VP Solutions & Services EMEA, VP AWS Solutions & Partnerships, VP Canada, VP Cloud Native, Director of Executive Communications, COO Asia Pacific & Japan, VP Solutions (West), VP Global Talent Acquisition, VP Architecture, CTO (Global), CTO (Products & Services).
A company doesn't hire this much on a Senior level if big things are not being cooked. I need to research things further to see the core business now.
$IBEX w/a Buy and a $22 price target. Also rated $RXT as a buy with a $26 price target.
Ashwin Shirvaikar's Stock Coverage
https://www.tipranks.com/analysts/ashwin-shirvaikar
Sorry to post here. But I bought ASAN before and earn a lot. Just spotted another potential stock
Just before the $22.75 run, there was a press release by the company almost every day. Ever since they announced the results of the tender offer, it's been crickets. Just check the news section for $RXT. The story about Amazon also looks like a planted story just to pump the price up at a convenient time, when the stock was tanking.
Here is the title of the story that appeared in Yahoo Finance on Sep 1, "Rackspace CEO on recent earnings, AWS partnership." Interestingly, it is the same date that the stock hit the 52 week high. In my opinion, the title of the story was misleading. "AWS partnership," really.
It came out almost a month ago and Amazon still needs more time to decide. Besides Amazon had all the time to buy a stake before the IPO. How does it make sense for Amazon to all of a sudden show interest right after the stock starts to trade?
Everyone who bought the IPO at $21 has probably long gone. The underwriters had option to buy additional shares at $21. I bet they have bought the shares and sold in the run up to the $22.75 price.
The post is just my opinion, based on how the stock activity. Do your own homework before investing in this or any other stock.
Sorry to post here. But I bought ASAN before and earn a lot. Just spotted another potential stock
H A V E - A - G R E A T - W E E K E N D !
o0O0o0O0o0O0oo0O0oo0O0oo0O0o
Next week will be better!
$gevo $plug $spce $wkhs $srne $rxt $vldr $gnus $nio $solo $vldr
I also re-entered into $WKHS
P.S. The house is voting on stimulus plan on Friday, last I checked.
Apology for cross channel posting!
$RXT under $18.00 - missed it today.
Get another chance before or after the election.
Target Lowered by BMO Capital Markets In-Line » Outperform USD 23 » USD 17
Downgrades Raymond James Financial Market Perform
Maintains Credit Suisse Outperform USD 27 » USD 21