BINGO! AKAM Gives Us Something to Smile About

On good earnings report, Akamai Technologies, Inc. (AKAM) has gained about 15% in today's early trades.
Back on 2/25/09 I liked AKAM at 18.23, today we see a huge pop and trading at 38.25 (a 110% return in 14 months).
My rule is: too high + too fast = cash-in.
I say take profits and look for other oportunities.
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Watch List Will be Published Monthly

Due to the amount of time necessary to research and publish the "Weekly Watch List" and the short term view, I have revised the schedule so it can be included in this blog on a monthly basis thus showing a more realistic and accurate result.


Recap for the week of 10/16/09:

on 10/16------------------on 10/23

AKAM 21.80-------------21.50 (down 1.40%)
ATW 39.29---------------38.81 (down 1.24%)
EZPW 14.07---------------14.06 (down .01%)

New list will appear around the beginning of each month.
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Watch List for the Week of 10/19/09 - Last Week's Recap

Stocks to watch for the week of 10/19/09:

AKAM-----21.80
ATW------39.29 (Going strong)
EZPW-----14.07 (May resume uptrend)


Recap for the week of 10/12/09:

on 10/12------------------on 10/16

ATW 37.70---------------39.29 (up 4.22%) A winner as of late.
EZPW 14.34---------------14.07 (down 1.88%) Slight pullback.
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Expect a Drop Today - Last Week's Recap

Due to the significant drops in the Asian markets overnight, I am delaying the weekly watch list for at least one day. As a result, expect major losses today in the U.S. from the fallout.

Recap for the week of 8/10/09:
on 8/10------------on 8/14

AKAM 19.46---------18.01 (down 7.45%)
ATW 28.96----------28.08 (down 3.04%)
COV 38.16----------39.09 (up 2.44%)
KBR 22.42----------22.86 (up 1.96)

Hang on for dear life.
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Watch List for the Week of 8/10/09 - Last Week's Recap

Stocks to watch for the week of 8/10/09:

AKAM 19.46
ATW 28.96
COV 38.16
KBR 22.42

Recap for the week of 8/3/09:

on 8/3------------on 8/7

COV 37.81---------38.16 (up .93%)
ATW 28.84---------28.96 (up .42%)
GE 13.40----------14.70 (up 9.70%)
PFE 15.93---------15.96 (up .19%)


Have a profitable trading week.
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About AKAM

Insiders are putting their money where their mouths are.
After disappointing earnings report and a 20% day drop in stock value (on 7/29/09), several directors, CEO and other officers are investing about $3.3 million of their own money in Akamai Technologies Inc. (AKAM) as reported this morning in the following article:

http://www.thestreet.com/_yahoo/story/10564083/1/three-insiders-buy-33m-worth-of-akamai.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

That action may be a signal to increase a position in this company.
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AKAM Defies Gravity

While new lows are the norm for many stocks as of late, Akamai Technologies Inc. (AKAM) seems to be moving in the opposite direction.

Akamai Technologies, Inc. provides services for accelerating the delivery of content and applications over the Internet.

After a huge decline on 7/31/08 (approx. 25% loss) on ten times the average daily volume, the stock has formed a solid base at about 12 over a period of five months. Since 1/22/09 the price has been rising consistently, today reaching a new twenty week high, an anomaly in this environment.

AKAM is trading today at 18.23, up .55 and bucking the trend.

Some appealing factors for AKAM are:

• Good volume (4.5 million avg./day)
• Insider buying in December '08
• Steady price rise above the 50 day moving average
• It is one of the top companies in the sector
• Sustained earnings estimate for '09
• Adequate forward P/E of 10.37

I would consider AKAM at this time a good buy candidate.

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