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S&P 500: 1,317.11 Change: -0.21%
rjm77me
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : RAX high PE worth a watch for short side

Date November 7, 2011    Comments Comments (4)    Rate this post Recommend This Post (35)   
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RAX beats by $0.01, beats on revs (41.76 -0.91) Reports Q3 (Sep) earnings of $0.15 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.14; revenues rose 32.7% year/year to $265 mln vs the $261.65 mln consensus
It has PE of 105 and forward PE of 60 plus

I Do not think growth rate is any where near 30% y o y
I will be watch to play on short side
Please do your own home work

Tags : PCLN   RAX   GOOG  

4 Comment(s):

Author rjm77me     Date November 7, 2011 17:37 Abuse this post Report Abuse
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$44 will make a great shorting point
Author rjm77me     Date November 7, 2011 17:39  Edited: November 7, 2011 by rjm77me Abuse this post Report Abuse
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PCLN also had its momentum days - Will have a positive day for next two days and then I expect 20% pull back
$545 offers a great resistance point for shorting
Author rjm77me     Date November 7, 2011 17:56 Abuse this post Report Abuse
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GOOG did break out on up side today
Author rjm77me     Date November 10, 2011 16:50  Edited: November 10, 2011 by rjm77me Abuse this post Report Abuse
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RAX = It did not move above previous high - meaning any upside will meet further selling by existing holders
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