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12/14/2014 – Rackspace Hosting

  • December 14, 2014
  • Rackspace Hosting

Issued: 11/25/2014

Rackspace hosting Inc., RAE:

1. Our protective sell stop has been raised to $44.00 in rack space. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 12/05/2014

Rackspace hosting, RAX:

1. Our protective sell stop has been raised to $45.50 in Rackspace Hosting. Will update.

David Williams

Issued: 12/15/2014

Rackspace hosting, RAX:

1. Our original Nov. 11, and Nov. 18 forecast/buy signal for Rackspace Hosting included an advance from the then current price of $42.00 up to $45.00, then a possible later test/attempt at $51.00.

2. Subsequently, Rackspace advanced to just under $48.00, which prompted earlier noted profit-taking at various levels.

3. On Fri., Dec. 12 Rackspace declined and triggered our recently adjusted $45.50 protective sell stop, resulting in a successful trade. Will message any further entry or indication in Rackspace hosting.

Issued: 11/20/2014

Rackspace hosting:

1. Our previous (Tues., Nov. 18) report on Rackspace indicated that the then current pullback to $42.30 would advance and test $44.00 (or higher) into later this week (Thurs., Nov. 20).

2. Today, (Thurs., Nov. 20) Rackspace advanced and completed the $44.00 upside target (session high, $44.90).

3. Our protective sell stop has been raised to $43.50. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 11/18/2014

Rackspace hosting, RAX:

1. Rackspace hosting recently broke out on the upside above $40.50 which prompted our indication for a test/attempt at $45.00, then a possible continuation move to at/near $51.00

2. Subsequently, Rackspace made a recent swing high at $44.05. It is assumed that those who took advantage of the breakout have taken partial long position exits.

3. Although not an outright forecast, rack space will likely retest the $44.00 (or higher) later this week after the current pullback subsides.

4. A protective sell stop should be placed at $40.90. This stop will quickly be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 11/24/2014

Rackspace posting, RAX:

1. Our original Nov. 11, and Nov. 18 forecast/buy signal for Rackspace included an advance from the then current price of $42.00 up to $45.00, then a possible later test/attempt at $51.00.

2. Since then, Rackspace advanced to $44.05 on Nov. 14, and after pulling back into Nov. 18 was forecast to again test the $44.00 level into Thurs. Nov. 20. On Thurs., Nov. 20 Rackspace completed the $44.00 retest as expected.

3. On Fri., Nov. 21 rack space completed the original $45.00 upside target, making a session high of $46.35. Higher prices remain possible, including a test/attempt at $51.00 also noted in the original update.

4. Our protective sell stop remains at $43.50. Will update as the market continues to confirm.

David Williams

Issued: 12/04/2014

Rackspace hosting, RAX:

1. Our protective sell stop has been raised to $44.50 in Rackspace. this stop will continue to be moved higher as the market continues to confirm.

David Williams

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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