No, I'm not short, I'm not crazy. But this is a big miss, for a stock that has had this huge run up, and is up yet again in pre-market. I think the dividend increase masks other issues. There's still a glut of oil, supplies are too high vs. demand.
Not to worry, it was probably someone with a lot of shares and a big profit who wanted to take his profit. That supply was gobbled up rather quickly in AH.
AKAM had great earnings and revenue, as well as guidance. The weekly chart is still very positive....and yet it's selling off today. I'm adding into the close, there are too many weak hands letting the shorts cover at lower prices.
Blowout quarter in a seasonally weak period, and yet they bid it down in AH......Does that make any sense?
How do they let these criminal shorts cover so low in AH on this report? My guess is it will finish higher, and get upgraded tomorrow. But at this point who knows.
This is a heavily shorted stock, and they will try to do anything in their power to cover at lower prices. This ER report today was stellar. Those selling now in AH were the traders buying during the day today, trying to get a quick trade in AH and tomorrow. As soon as they see it falling in AH, they get out.
There is absolutely no reason to sell this stock, esp. now after the earnings are out. This is a growth stock of over 100%. One can argue that growth stocks are not in favor, but that's true of stocks with revenue, and no earnings.
I can't say it any other way......Don't sell to the shorts.
the threat of the Chinese regulating YY's online content. That has not happened, and analysts are in agreement that the content cleanup story won't effect their revenues going forward.
"Morgan Stanley seems to agree:
The company has been in a close relationship with the government on reporting any questionable content, and so far has not been forced by the government to shut down any business nor has it been reprimanded for any breach of government regulations. According to the company, its sales guidance for 2Q has not been affected by the content clean-up campaign."
Buy the stock here, this is not an issue, it's an overreaction to nothing.
I'm in, in the low $37's. This is insane.....this was a good report.
This is a huge growth story. I'm adding on any weakness this am, as I think the stock will recover quickly. They raised their revenue guidance.
Looks like a correction is in store here.
Finally they got a downgrade from an analyst this morning. This stock has been parabolic since its IPO. If they're supposed to be a high growth energy company, why do their reports keep coming in lower than analysts' forecasts? This is not the first time.
Who wants to be the lead plaintiff?
Well, the market certainly agrees with you. It's down over 6% on high volume, as it enters a downtrend. They report their earnings Tues. before the bell, but the issue you mentioned is much more significant. If the stock wasn't so thinly traded it may be a great short candidate.
And since I last posted I did indeed go short. There's definitely something wrong here, but technically it looks like it can head to about $30 early next week. If it's fraud, all bets are off.