AKAM traded today +16Mil. shares. The after hours sell spike from 41 -> 37.16 happened in less than a minute on volume of approx. 100,000 shares. I listened to the conference call and when the drop happened, there was no obvious or not so obvious reason to it. I think that over the next days, AKAM will find its footing again. The report was OK, call was OK as well.
chances are (even though it costs me dearly) that we have not seen the lows. The typical chart pattern would be, after such a hit, that we close lower range or even on the lows. Then again, if we dont go down this afternoon or tomorrow or next week that this might be a bottom (around 34) And we could build a base structure. In that case, AKAM could become interesting.. I think it has good fundamentals and bright future prospects (until 2014 net traffic is going to increase by 400% according to Gartner).
Agreed! There is another msg on this board about margins and pricing pressure you might want to look as well. I made money in this stock and last time out got put stock and took a loss because I limited my downside as the stock was tanking after last earnings. Yda I got cocky and bot puts sold them this am for a profit. I just had a hunch again the same scenario as last report. I don't know going forward again though you know 3 times a charm!!
This is from Nasdaq site:
at the passage between 16:41 to 16:42 the price plunged from 41.24 (40-41 range) to 37.16 (37 range) ... page 136 on extended hours trades on nasdaq site. I am just wondering if is hifi trade or just some option guy(s) masquerading a sale-off ...
I have a feeling that happens the same as fuel price ... just curious how much may affect the "forward" trade - or the "positive logic" ...
Anyone may gave a hint ?? Probably that's why it's said to "go with the market" ... meaning go with the strongest who makes the game ...
It's not the first time but it looks like the fundamentals are just fabricated to reflect the trade's trend ...
... so the title seems as much veridic as it can ... any idea on the legal side of this ???
thanks and happy (efficient) trading !!!
Sandy, thanks for checking on this. I thought I was seeing things. I never did sell the 1100 shares. I also thought they would stop trading in AKAM. Well at least I got out of 900 shares in my IRA account at 41.25. I still believe someone screwed up by not specifying a limit on the 113,000 shares.
It may have been an accident. I believe someone sold 113,000 shares in one trade with no limits on the transaction. I sold 910 shares at $41.25 from my IRA account. I then switched to my trading account and tried to sell 1100 shares at $41.25 and the low bid was about $38.00 in about 3 minutes. I believe that someone or some fund put in an order with no limits specified.
I'll sell the 1100 tomorrow at $40.00
Good luck to all.
They beat earnings last report also, yet we got crushed after Sagan gives guidance.Same scenario sagan speaks we lose big money.Funny Ikept seeing 1 pos report after another akamai and ibm/akamai and TV everywhere akamai Q1 profits rise,akamai top 20 small cap stock pic by investment gurus,trefils top five,Nine tech takeover targets akamai numbr 1 on and on 1 lie after another pump and dump got me again bastrds
13% retail mom and pop trader fighting each other buying and selling for nickle n dime,so big boys can walk in grab whatever they want.please big boy's got 86% of shares and 1.5 BIL CASH NO DEBT,what else ?