Cloud computing is roaring forward. A necessity in today's IT environment. IT never got love when going in front of the board for money, so anything you can do to capitalize on your IT budget is a requirement. Cloud being an architecture and strategy enabled by things means buy those companies with a strong presence in those things. Example, large outsourced server farms i.e. RAXspace. Software enabling multiple systems on each server i.e. virtualization VMWare, up over 11 bucks today on strong earnings. Lare outsourced network storage mangement software EMC the parent of VMW. RAX is up over 200% from last calls summer of 10. The chart below shows a new base setting up. A bit oversold on the stochastic with slight pullback will be bouyed by the earnings and jump today. A little follow through and RAX is setting up for a northerly push...
Cloud architectures and software as a service or just about anything as a service is the future, embrace it... Or, at least trade it.
Happy Trading...
