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Akamai Technologies, Inc. Message Board

  • kwang1995 kwang1995 May 25, 2014 10:35 PM Flag

    The Market Direction and AKAM Part II

    For the first time in more than 5 weeks, in the last session before Memorial Day, the NASDAQ closed above year-to-date break-even line of 4176, the timing is exactly as I predicted a while ago. Because it is an important market sentiment indicator, we can now safely conclude that the 2 months market correction is over. However, until the tech sector starts performing better than the general market, we cannot expect a meaningful market advance over the current level. So for the near future, until the end of June or early July, we will continue to see zigzag sessions.

    Since downside risk is significantly reduced, for those still on the sideline, it is a good time to add your tech sector shares. AKAM, of course, remains a strong buy.

62.50+1.02(+1.66%)Dec 18 4:00 PMEST

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