I put on a short today. Yep. Correct.
Akamai (AKAM).
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
How un-American of you! ;-)
Welcome, Howard. You’ll see everything in a different light now.
just trying to expand my reaadership. Shame that you guys already read my blog.
Chart looks like good short signal today. Looks very similar to those in How to Make Money Selling Stocks Short by William O’Neil.
Welcome to the dark side, Howard!
And, errr, good on you for dumping those SPY first thing this morning. Nicely played, sir!
– Tim, long AKAM puts :-)
here ya go
whats the world coming to ? next thing ya know that slope of dope is gonna go long something
nah
may as well short GRMN & RIMM while you’re at it
Had a very nice trade in the FXP today.
I will point out here as I have elsewhere that it is not hard to determine at AT&T is a customer of Akamai. In fact, it looks like Akamai provides CDN services for att.com.
Akamai is able to place servers in many different networks. Will AT&T be allowed to do this? If not, how would AT&T’s CDN work for those in non-AT&T networks? Seems like there might be significant performance issues when compared to Akamai.