Every smart person says $RAX is overvalued. I say many smart people go broke on that argument.
The cloud is the buzz and rax is the cloud for many institutions that manage money.
All roll-ups end badly, but guessing when is too hard. Trend guys are making a killing here as the ‘dumb money’.
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower. – William O’Neil