Rack posts first profitable quarter. Prior close was $31.50ish. Purchased additional shares today at $36.01.Anyone else following this stock?cautiousone
Hey cautious - yes - have been following it for about 30 days now, albeit just on the surface and not in any granularity.Getting more interested since the pull back from earnings announcement.
I think the pull-back is connected to the market in general. IMO, you'll move forward from here if they can continue to ring in the sales. I would think that their price would move up with each sales announcement. Plus, with having their first profitable quarter, they'll now be attracting more attention. I do think their window of opportunity is shortened by the fact that competitors will be entering their space soon. I'll be watching my shares closely.cautiousone
I know this is two months later that that initial reply, but I purchased this stock at $31ish on reccomendation from my father, who has worked in data storage for 10-odd years. It is currently at $53.33. I don't pretend to have the level of financial expertise that so many on this site seem to have, but I do know that this is a solid company with an excellent product. Even if they seem to be under the radar, I've been impressed with the company and very happy with the stock performance, which has off-set my losses from Quality Systems quite nicely.
matthiasxc,I have already sold out of my full position as I felt the stock was really getting ahead of itself. I do agree that they have a product niche, but the real question is "how long it that last?". As it's a recent IPO I felt that it's run-up after their last earnings was "too much too soon". This left me thinking that the stock will fall hard at some point. You don't say how much of a position you have, but if it's large and you may want to take some or all of your profits - especially if your QSII losses are recognized (sold) already. cautiousone
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