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Akamai Technologies, Inc. Message Board

  • kwang1995 kwang1995 May 15, 2014 2:25 AM Flag

    The Market Direction and AKAM

    After the stock price drop following the excellent Q1 earnings result, in response to the "manipulation" theory, I posted the following: 1) the poor market reaction to AKAM earnings has nothing to do with "manipulation"; it is the result of an ongoing tech sector correction, 2) the tech sector will be weak until the Nasdaq cross the break even line for the year at 4176. Now I believe the worst for tech sector is already over, and the NASDAQ will likely trade above the break even line in a week or so before memorial day, first time in 5 weeks. Then what will happen to AKAM when we finally get there? I am cautiously optimistic. For the tech sector, the wound of this correction is very deep and painful, meaning a lot of fear and loss of confidence, so a full recovery will likely take time. AKAM is a buy at this level, but you still have to be patient.

64.79+0.45(+0.70%)Dec 26 4:00 PMEST

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