MLR - Time to Take Profits in Clouds

Published : October 6 2010 at 10:31 ET

Cloud-computing stocks have been very strong and profitable leaders since the market lows in late August/early September, and we believe that today's selling represents abnormal action in the group. This likely indicates, in our view, that a base-building process has begun, and investors who do not wish to sit through a correction should think about taking profits in the group.


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