Head in the Clouds

I like RAX here. It's at the bottom of it's range. It definitely could get boot stomped. But then I'll buy it again at 12. I like it here and down to 12, so long as the fundamentals don't change.

The writing is on the wall, in terms of cloud-computing taking over the world. While I will only dedicate a standard maximum position size of 10% to RAX, I will use up to 20% of my portfolio to exploit cloud computing (SaaS, IaaS) trends and 10% for 4G flays, as per monsieur Le Fly.


I'm not buying anything here, as I already have an 80% position in and around these levels. I will only add if it goes lower. If I were more risk-averse or believed any less in my thesis I would hold a tight stop in case it got beat the hell down at this support.

I'm not recommending that you buy RAX

Going Shopping

There is a karmic storm a-brew. Somehow, the "Amnesty International Crowd" has seemingly transferred the stoning of an allegedly guilty Iranian woman to the RAX stock price.

I still like this bad boy. Cloud Computing is the future. I will buy this piece of trash down to 12. For now, I will nibble accordingly.

PEEP THIS hot track. The 1:30 de-hooding is boss.

UPDATE: July 13 - RAX is up almost 5% this morning. Yesterday's buy was well-timed I believe, indeed.

Documenting a Win

I try to tweet my stock market buys and sells, sometimes to the confusion of rogue followers and social media-adept university friends. Most of the time though, I forget. I have very recently made it a priority. I'm sick of sloppy trading. A reliable income stream from hand-selecting winning equities at sublime valuations seems like a delightful complement to any lifestyle. Ergo, it's worth the practice.

Here's a recent example, it's my best recorded call ever, on account of I've always done an atrocious job. I used the methodology I talked about previously. Although this very well could have been a fluke, I will take this opportunity to declare my winship nonetheless. It's my blog, after all.

I have a personal interest in making money off the subject of cloud computing, one way or another. It's fitting then, that the equity in question is RAX.

Here was the first brazen statement I made (click through the twitpick to see the equity at the time of purchase, $19.25). I've never posted a chart on the internet before. I usually just draw them up and erase them. They're not worthy of the eyes of others. The reason being is, it all seems far too simple. It's an arbitrary thing, really. I'm a very visual person, so it's almost hard not for me to play connect the dots. That's why I can't rely only on some lines and shapes. Anyhow, the story goes on...

Then, I bought.


Celebration ensued. Here's the stock now.




Hopefully more to come. Must stay focused.

Oh yeah, I sold 1/3 of the position just shy of $21 for a 10% win. The volume on the breakout was really strong, and the consolidation this afternoon has been relatively low volume. I think that could mean people are holding on to their shares? That means we go higher?