Dudes…I Can Short!

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

8 comments

  1. Tim says:

    Chart looks like good short signal today. Looks very similar to those in How to Make Money Selling Stocks Short by William O’Neil.

  2. Tim Knight says:

    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 :-)

  3. Bruce says:

    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

  4. Abe says:

    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.

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