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Akamai Technologies, Inc. Message Board

  • sandyeggojake sandyeggojake Jan 25, 2013 3:54 PM Flag

    TA on $AKAM - 1/25

    Still long $AKAM and added a new trading tranche (our 3rd over core) on 1/23. The classic buy was 1/18, but we sat on our hands given OPEX.

    The 1/2 pull back was as expected at the 78.6% fib extension, and the nadir nearly tested 61.8%. But now clearly on pace to retest the $41.16 close. We see it crossing, which would set us up for the 100% extension to $46.75.

    The tend is your friend. Fundamentals include news that $NFLX is not getting traction on Open Access, as Time Warner and others protest usage. And smart phone and mobile tablets is increasing content demand, not just in the US but around the world. $AKAM is at the intersection of these trends, and will continue to expand offerings.

    Sentiment: Buy

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52.99+0.58(+1.11%)Sep 30 4:00 PMEDT