Akamai gets a downgrade and we go down further than they do... CDN is a healthy industry right now and LLNW is making its mark and growing its business.
Yes, there is competition... But, that is good and there is plenty of business to go around. Look as all of those companies that were mentioned in the downgrade of Akamai have increased in revenues and beat earning. I've followed 3... AKAM,LLNW, and LVLT... All have been hitting multi-year highs due to beating earnings and revs! Competition yes... but they are all doing much better and a downgrade is nothing more than a ploy to get cheaper shares. Good luck with that... only fools would be selling at this point and under $5 Limelight is a deal and still a strong buy!!!
Sentiment: Strong Buy
I wish they would start throwing a few of these crooks into jails where the can rot! Unconscionable!
People are now leaving in droves... Soon the low will be tested and if it doesn't hold this could be half of what it is now. Soon to be on the pink sheets!
Looks like the low will get tested again... Dropping quickly!
Well this company just is full of red flags!
Especially liked "survival of the fittest as prices plunge" - That get's me wondering about WTI and how fit they are?? Taking another load of 300 mil. to pay off the interest of previous loans is not a good strategy if prices tank even more... WTI could very well find themselves in BK and could be auction off for next to nothing... wiping out all investors.
And... check out the 3 mo. chart. A very strong upward movement. It looks to be going above $5 for sure this time.
Saudi Arabia says its strategy of squeezing high-cost rivals such as US shale producers is succeeding, as the world’s largest crude exporter seeks to reassert itself as the dominant force in the global oil market.
The kingdom’s production rose to a record high of 10.3m barrels a day in April and there is no sign that it plans to reverse its policy at next month’s meeting of Opec, the producers’ cartel, in Vienna.
“There is no doubt about it, the price fall of the last several months has deterred investors away from expensive oil including US shale, deep offshore and heavy oils,” a Saudi official told the Financial Times in Riyadh, giving a rare insight into the kingdom’s thinking on oil strategy...
The decision triggered a fresh fall in the oil price, throwing the budgets of the poorest exporter countries into disarray and forcing international energy companies to slash spending, drilling and jobs.
Saudi officials later explained that the policy was designed to put pressure on producers that require a higher oil price to be economic such as US shale drillers and companies operating in Brazil’s offshore fields. These they believed would be the first to collapse in a survival of the fittest as prices plunged.
The longer this goes on the more frustrated a lot of people become and many will just accept the loss and dump this worthless company. This is and has always been a ponzi scheme where the management walks away with hands greased and not accountable for their actions. They should all be locked up for their lies and corrupt earnings reports, knowing well in advance that BK was the ultimate end. They should have been forthcoming in disclosing everything sooner and just being honest instead of misleading investors with hopes of a recovery.
I wish we had some clue as to what, if any, progress is being made. Has there been any signs, or any news. At least gold and silver seem to be slowly rising from the bottom again.
Doesn't look like it will be soon... With yesterdays announcement that the Saudis will be producing and delivering record amounts of cheap oil it is a wake up call to those who think that low oil prices have just been a temporary blip. The Saudis understand that low oil prices hurt America's oil production and they still can make a huge profit selling more oil at lower prices. They can even make a profit even if crude goes down to $30 a barrel, and I'm sure they would love to see it go that low. They know that in the long run it could destroy a lot of the competition from the U.S., because we must have oil at higher prices to be profitable. Fracking costs are very expensive and small oil companies have been laying off people it droves.
No... I don't see $70 oil very soon unless there is some type of disruption in the flow of oil through the strait of Hormuz. The Walmart model of cheap oil is here to stay... at least for the rest of 2015 and possibly 2016. BTW $30 oil for WTI could destroy any chance of making a profit and could also lead to BK. That is why I've been very hesitant to invest here... even at such low prices. I was burnt years ago with Global Crossing as it sank to very low levels, after flying high in the tech bubble... and then wiped out shareholders in BK... only to reemerge with the same name and new clueless shareholders. Management cares less about the shareholders these day and only think of how much the can get... even if they go under. This feels like the same scenario to me... TIme will tell.
Hope this week we will see it climb above $35. $40-$45 before the summer is over!!
It seems that the volume really has picked up and more importantly stayed steady!
All obstacles seem to be getting out of the way so LLNW can get back to where it belong! ABOVE $5!
I may sell a little of my holding closer to $40 that I've had since $19.... Just going to double my investment. The rest I will hold because I believe that this is great company and it is just getting started. Once more people and analyst start to follow Paylocity we will definitely see upgrades and higher target prices.
Sentiment: Strong Buy
Maybe not a Ponzi scam... but if WTI goes under the upper management still walks away rich... they always do. They can lie, cheat, and steal with basically no recourse... except maybe a slap on the wrist. We spend so much time talking about crime in the country, but the biggest crime that goes unreported is corporate theft of stock holders hard earned money... In every BK that I've seen the stock holders get wiped out as whatever money that is left goes to golden parachutes and reorganizations schemes that reward the incompetent management with a new start as they clear away debt, eliminate current stock holders, and get a new bunch of unsuspecting idiots to invest into their craziness. It is a sick state of affairs and Wall Street has become nothing more than a huge casino where the odds are stacked in the houses favor!
I've lost all the naysayers who called me names as they made outrageous claims that WTI was going to double digits in less than a month. I claimed it was going back to $5. Guess you all disappeared with huge losses! I'm still waiting to see if WTI goes back to $4. Below $5 looks like a more attractive entry point where I might be able to double my investment.
It would still be bleeding cash as competition from the Saudis will become even more aggressive!