chartsmaster
Long

RAX It Takes Patience

NYSE:RAX   RACKSPACE HOSTING INC
17 0 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.
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