no one likes to take a loss and admit they were wrong about a stock but I have sold this stock and bought BMY which will go UP and pay a dividend. Added a few bucks to INTC and SNDK. I am conceerned that if market corrects that AKAM may be headed to 29 bucks. Bandwidth prices are going down. Short interest on this stock going up for a reason. Can't afford the risk any more.
Someone I rely on for advice suggested to me that AKAM was a very weak stock technically. Thinking there may be downside risk as opposed to upside surprise. I was forced to conserve capital. You may be pleasantly rewarded. I am told the stock is technically busted. . My friend referred to the moving averages and very negative money flow. There were 3 upgrades last week and the damn stock couldn't get back to 36.
I do not see any leading innovations in AKAM technology. I believe Amazon is highly favored for iCloud small businesses than AKAM. Prices and shares are highly manipulated by big players while management cannot do anything about it. Price got stucked moving sides and downwards. Will never see any mid 40s anymore.
This is definitely frustrating to hold, but as is typical with AKAM, when traders get tired of waiting and the stock drifts lower and shorts come in, positive news comes out squeezing the shorts and the stock rockets over 10% in one day. It pays to be patient in this stock. You will likely kick yourself soon.