Another opportunity today in a speculative name. RAX has fallen 20% despite turning in very respectable numbers. This on has a high PE ratio so it is not my usual buy recommendation, but as I have gotten to know this company a bit and the space it operates in, I have grown to like it more. I believe that cloud computing is here to stay and will only become more integral. This has all sorts of implications, but I think that RAX is well position as a small but early player in this market. AMZN is a big player and perhaps will be the dominant force but for now there is room for RAX. I have bought some here in the 60-61.7 range.
Big days for GE and LO. I wouldn't change anything here. Good holds.
S is edging up slowly. It still has down days but slowly the lows are getting higher. This stock still has 20% upside just from the deal and perhaps more as it makes some headway versus the big boys.
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