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ciciagt

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ciciagt

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Sunday, 04/01/2012 12:00:35 AM

Sunday, April 01, 2012 12:00:35 AM

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"Rackspace briefly touched an all-time high on Tuesday, when it reached $59.43 a share. The same day, analysts at Canaccord Genuity initiated coverage with a "hold" rating. Anyone else mystified by that? Why initiate coverage and then fail to take a stand on behalf of investors?

Perhaps it doesn't matter. Both retail and institutional investors appear to be betting on a nice rally. Researcher optionMONSTER says deep-pocketed speculators bought more than 6,000 June calls with a strike price of $65 per share. The implication? Big Money bettors believe Rackspace will exceed $65 a share before summer is half over. As a shareholder, I'm hoping they're right."

http://www.fool.com/investing/high-growth/2012/03/31/5-more-tech-stocks-that-are-making-me-rich.aspx
March 31, 2012

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