This is not a good day for Akamai Technologies, Inc. (NasdaqGS: AKAM). Earnings off and the stock is falling off a cliff, down today 18% and more. Is this an entry point? Is the earnings issue truly a huge issue? We are seeing some downgrades, while others see the price as a steal. Personally, I am holding off for an entry that is slightly lower.
Let’s see the Buzz Here:
Money Flip Doctor had this:
Closed earnings $AKAM 82c/67p strangle $6.53 bought for $1.30 profit $523 per con. Ill take luck and a homerun, singles work great too.
— Moneyflip MD (@Moneyflipp) October 28, 2015
Tom Bemis notes worst day in more than four years!
Akamai $AKAM off 17.9% to $62.03, worst day in 4+ years. Last time it fell more was 7/28/11, when it lost 19.13 percent to close at $23.84.
— TomBemis (@TomBemis) October 28, 2015
Is it a buy?
Weiss bought $AKAM today
— The Daytrade (@d4ytrad3) October 28, 2015
JoyBiz Takes Note Here:
> $AKAM doing it it looks like, out atm C +53%
— JoyBiz (@JoyBiz_EU) October 28, 2015
Sara Castellanos puts a face with the bad day for AKAM!
— Sara Castellanos (@BosBizSara) October 28, 2015
Thomas Ross takes credit for calling a $1 move up in a stock down this much. What incredible talent. I predict the temperature will rise by 1 degree or more across the US during the afternoon today. I see a cooling trend starting shortly after dark today… Wow, I’m great, too!
$AKAM just hit $62.15, up $1 from my earlier alert. As I said, this is not a “pos” stock. I had a nice trade, will look again after lunch.
— thomas ross (@ThomasrossRoss) October 28, 2015
Vishvas calls it oversold… I’m not so sure:
Long $AKAM at 61.75. Another oversold play that I’m looking for an intraday bounce.
— vishvas (@vishvas) October 28, 2015
Mark asks if anyone is picking up some?
anyone gonna pick up some $AKAM today? on FED day…
— Mark Berry (@markberrytweets) October 28, 2015
Jea Yu covered at 60.40… likely to a healthy profit!
$AKAM oops, we covered at 60.40 earlier, didnt have time to post
— Jea Yu – Day Trading (@JeaYu21) October 28, 2015
SF Cable Trader sees the downward break through resistance:
— sfcabletrader (@sfcabletrader) October 28, 2015
CaeX notes association with FB:
— CaeX (@CaeXFinance) October 28, 2015
Fahd looking for the correct entry point:
— Fahd El (@fahdieno) October 28, 2015