I put on a short today. Yep. Correct.
Yes we’ve Wallstripped Akamai (I was a star at the end of it ) and yes I made a lot of money riding it up on this blog the last few years, but I was stopped out.
It’s obvious why the trend ended. Akamai’s business was just too good. The followers are all in.
It is also in a space where a freaking price war was inevitable and well underway.
I would post some charts, but that would be lamo. I hope Brian can do me a solid and make me a video of the chart so i don’t have to draw all those lines.
I took some size and am using $40 as a stop. I think she will be a teenager next year…or $100 :) . Let’s see what happens.
Disclosure- Short Akamai