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Thursday, September 23, 2010

RHT


Remember a couple of years ago, during the solar stock mania, when anything with the word "solar" was bought like crazy (even if it had nothing to do with solar power)? It seems like we have another mania developing, this time over something called "cloud computing", a term which means virtually nothing as it is about storing data on networked computers, something that has been done since the 1970's. But since we now have a new name for it, it's time for a mania. RHT may or may not be part of that (it did break out on earnings today), but since this had a dramatic rise before reporting, I suspect it is either that or takeover rumors, as it seems anything to do with computers that is not HPQ, DELL, or IBM is now a potential takeover.

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