Seeking Alpha article author about AKAMAI overvalued is trying to pull down the price.
A scheme use by fund managers before they buy at dip then sell high and short the stock. Old trick !!! Take note that AKAM has high growth and with Apple sales of ipad & iphone more so this coming holiday seasons, more internet traffic is expected all over the world. Seeking alpha author should have publish his name
Agree. Furthermore the author said that Cisco is a competitor on the supply side, which couldn't be further from the truth;
Two Companies Agree to Improve Application Delivery Over the Internet and Hybrid WANs
Today, Cisco and Akamai announced plans to work together to deliver the world’s first integrated Application Optimization solution for hybrid WANs, leveraging the Internet as a fast, reliable, and secure WAN option. The anticipated solution would leverage the most widely deployed enterprise router: the Cisco Integrated Services Router (ISR), and Akamai’s new Unified Performance solution. We believe this collaboration will come as a pleasant surprise for Network and Application IT teams, who can appreciate the value in combining two great things that work even better together, while dramatically lowering their operational expenses.
Seeking alpha serves the underwriters and big investment companies but less the individual investors. Unless AKAM CEO will again release an unacceptable forward estimates may negatively affect momentum. Investors will punish AKAM. I have the feeling that they will meet their target. I plan to sell the day after they announce earnings as most shorters will infest AKAM trading as hinted in the article release by Seeking Alpha team. Be ahead of their game. Will sell once they start shorting once it come down will buy again.