Dudes…I Can Short!

Posted by Howard
on December 12th, 2007

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

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.