AKAM - getting out of hand?

[mystiky]

It seems like AKAM is now running on all those "upgrades" that it got after its last earnings. Sure, they had decent eranings, but its even more bloated than ever. Insiders are dumping.

Looks to me like its running on a squeeze and "end of the month" mark-up. When things settle down, where would one buy or cover their short? It seems like 37.80 is the new "short-term" support, but I think it can easily see $36.

All opinions are always appreciated. Methinks it maybe a nice short for 2-3 points now.

[Lyehopper]

It seems like AKAM is now running on all those "upgrades" that it got after its last earnings. Sure, they had decent eranings, but its even more bloated than ever. Insiders are dumping.

Looks to me like its running on a squeeze and "end of the month" mark-up. When things settle down, where would one buy or cover their short? It seems like 37.80 is the new "short-term" support, but I think it can easily see $36.

All opinions are always appreciated. Methinks it maybe a nice short for 2-3 points now.

I remember when AKAM ran to $300.... MAN, I miss the 90's!!!!

[mystiky]

I remember when AKAM ran to $300.... MAN, I miss the 90's!!!!

Yes. Those were the good days indeed. But when a company gains about 1.5 billion in market cap because it makes an "extra" $11 million, that's kind of scary.

[New-born baby]

AKAM's breakout

Yup. It brokeout. Target is $56 (first target is $44). NICE, RICH option chain for mega protection. Probably will retest the breakout support line. Yup. That support could fail. Buying stocks is always a crap shoot. You don't know what will happen. IF you have a nice profit, you could take it. But don't cry if AKAM goes higher.

[mystiky]

[QUOTE=New-born baby]Yup. It brokeout. Target is $56 (first target is $44). NICE, RICH option chain for mega protection. Probably will retest the breakout support line. Yup. That support could fail. Buying stocks is always a crap shoot. You don't know what will happen. IF you have a nice profit, you could take it. But don't cry if AKAM goes higher.

Thanks for your input. So I guess that you would think it will re-test the 37.70's (if it does indeed retest)?

I am always hestitant to "chase" things, and I figure that a $2 pullback is not unexpected, especially in this kind of a market. Sure, it may get to the $44 or even $56, but August / September have given alot of folks alot of pain.

What about the $36 area (gap support)? Is that reachable?

[New-born baby]

Buy the blue line

[QUOTE=mystiky]

Yup. It brokeout. Target is $56 (first target is $44). NICE, RICH option chain for mega protection. Probably will retest the breakout support line. Yup. That support could fail. Buying stocks is always a crap shoot. You don't know what will happen. IF you have a nice profit, you could take it. But don't cry if AKAM goes higher.

Thanks for your input. So I guess that you would think it will re-test the 37.70's (if it does indeed retest)?

I am always hestitant to "chase" things, and I figure that a $2 pullback is not unexpected, especially in this kind of a market. Sure, it may get to the $44 or even $56, but August / September have given alot of folks alot of pain.

What about the $36 area (gap support)? Is that reachable?

I would say look to buy AKAM at the blue line.

I am not crazy about AKAM because we are going long in a downtrending market. However you have an excellent option chain. I would suggest looking to buy the blue line and selling the call options on this one if you need protection. The DEC $40 call will net you $5.90. If AKAM bust blue line support, sell her off or else buy an AUG or SEPT $40 put while holding the call. You'll make money one way or another.

[skiracer]

am always hestitant to "chase" things, and I figure that a $2 pullback is not unexpected, especially in this kind of a market. Sure, it may get to the $44 or even $56, but August / September have given alot of folks alot of pain.

What about the $36 area (gap support)? Is that reachable?


Most are looking at the daily and overlooking the weekly. The weekly gives a different picture an is a much more structured chart than the daily. It's hard to chase it here long but to early to short it yet looking for a pullback on it's recent gains. I think it continues the trend to $42/43 area before pulling back. I would wait for the channel short signal when it hits the top of that channel line.

[spikefader]

For those who hadn't noticed, AKAM was one of 16 Parabolics filtered down over the weekend from the latest IIC 100. It was the best performer today too, +8.75% from open buy. Details.

Separately, the daily band action today was very bullish as it pushes a fuzzy 3 up. Bias is clearly long and shorts looking to catch the 4 down or correctives have to be nimble and target short imh.

[peanuts]

I took AKAM long- today at $38.06

maybe get 2 points today from it.

maybe lose half a point

[mystiky]

I took AKAM long- today at $38.06

maybe get 2 points today from it.

maybe lose half a point

I think if the markets come back, AKAM will see 41 -- and if not, it will be 36.

I am staying away for now either way.

Thanks again evryone for your inputs!

[peanuts]

I took AKAM long- today at $38.06

maybe get 2 points today from it.

maybe lose half a point

just added some more at $38

[peanuts]

just added some more at $38

out completely at 38.37 in the last minute of trading

[New-born baby]

I like today's play

out completely at 38.37 in the last minute of trading

The chart/price action looks very healthy . . . too bad the market doesn't.

[skiracer]

I still like it to go to over $42.00. Just some profit taking a little earlier than I expected though. Bottomed right on the 20 ema and it recent low point a few days ago. It was a good play anywhere from the $37.75 range an up as a cheap entry.

[peanuts]

The chart/price action looks very healthy . . . too bad the market doesn't.

at first, I thought that I was going to have to hold it overnight, then finally... the chart began to act correctly. I agree that the action in the last part of the day is bullish, but this market is so iffy right now (like you said). I don't see how anyone can say, with certainty, which way the market goes for the rest of this week. I used your breakout line as part of the reasoning behind a long position today. Thanks. It took a lot of patience to make 1%. But I'll take it.

I'm going to keep AKAM on my radar.