This week, investors are trying to figure out the tech trade after shares of Amazon slipped on Monday taking them about 10% lower since the firm reported earnings last week.

Considering Akamai , IAC/Interactive  and Expedia all report this week, what must you know?

Amazon

Shares of Amazon fell another 2 percent on Monday after plunging 9 percent on Friday, due to a sharp drop in second-quarter profits and a modest third-quarter outlook. The lackluster results prompted one brokerage to downgrade the stock.

Collins Stewart, which lowered its rating on the stock to "hold" from "buy," said at current valuation levels it did not see any material upside for Amazon.

What’s the trade?

I’d be a small buyer on this dip, counters Citi analyst Mark Mahaney, and if the stock drops below $80 I’d be a big buyer. There’s been no slowdown in Amazon's business over the last 3 quarters. For them it’s as if there’s no recession.

Akamai

Ahead of earnings, Goldman Sachs cut the softwaremaker to “sell” from “neutral” due to aggressive competition.” Also, both D.A. Davidson and Wedbush say the firm will likely struggle in the near term amid a challenging economy and intense pricing pressure from competitors.

What's the trade?

This stock is a strong hold, says Citi analyst Mark Mahaney. However if the business stabilizes and the stock drops below $18, I’d become a buyer.

IAC/Interactive

Stifel Nicolaus upgraded shares of  IAC/InterActiveCorp to Buy from Hold on Monday with a $22.50 price target. Analysts speculate that IACI could soon announce a share buyback program, pointing out that the media company has about $2 billion in net cash.

Expedia

According to the website Market Intelligence Center, technical indicators for Expedia appear bullish. They add that the stock has been showing support around 17.60 and resistance in the 18.96 range.

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Trader disclosure: On July 27th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (POT), (AA), (BAC), (AAPL), (FXI), (SBUX); Seymour's Firm Is Short (PBR); Najarian Owns (UNH) Calls; Najarian Owns (BTU) Calls; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (MS) & Short (MS) Calls; Najarian Owns (MSFT) & Short (MSFT) Calls; Najarian Owns (V) & (V) Short Calls; Najarian Owns (WNR); Najarian Owns (YHOO) Call Spread; Terranova Owns (MCD), (AMZN), (MSFT); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (TBT), (WMT); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (USO), (IJR), (IYR), (IWM), (MDY), (SPY)

For Mark Mahaney:
Citigroup Received Compensation From (IACI)
Citigroup Received Compensation From (EXPE)
Citigroup Has Provided Non-Investment Banking Services To (IACI)
Citigroup Has Provided Non-Investment Banking Services To (EXPE)
Citigroup Is A Market Maker in Shares of (AKAM)
Citigroup Is A Market Maker in Shares of (IACI)
Citigroup Is A Market Maker in Shares of (EXPE)