chartsmaster

RAX It Takes Patience

Long
NYSE:RAX   None
2
We all look for instant gratification. The RAX negotiations seem frustraingly long, but I believe the reward will be worth the wait. As my earlier follow up to my original Buy recommendation said to aggressively buy below 30, I stress that below 28 the risk reward ratio becomes even more favorable. I still believe that a private equity deal would take place in the low to mid 30's area and if a strategic high tech corporate buyer surfaces a sale would go for close to 40. BUY and be patient.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.