Web Extra: Burned By Akamai

A long position in Akamai looked like a hot trade but all it did was burn Stephen Weiss. What does he have to say about it now?

Weiss made the fateful call on April 13^th as a bet that a recent sell-off was about over.

“The stock seems to have bottomed, “ he said at the time.

“I took a bet on it last week. They're coming off a pretty good experience in terms of streaming all the NCAA games. That was their thing. So I think this will be a decent quarter for them.”

Unfortunately shares still took another leg lower. Since he recommended a long position, Akamai has slipped about 7%.

So what does Weiss think, now? Find out in this web extra. Watch the video now!

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Trader disclosure: On May 9, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finreman and Finerman's firm own (CVS); Finerman's firm owns (IBM); Finerman's firm owns (JPM) and is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finerman owns (USO); Finerman's firm is short (IWM), (SPY), (MDY); Finerman's firm owns s&p puts; Finerman's firm owns Russel 200 puts; Terranova owns (XOM); Terranova owns (BAX); Terranova owns (SLV); Terranova owns (TCK); Terranova owns (APA); Terranova owns (HOC); Terranova owns (OXY); Terranova owns (UPL); Terranova owns (FCX); Terranova owns (BX); Terranova owns (V); Terranova owns (VRTS); Terranova owns (JPM); Terranova is short (NFLX); Terranova is short S&P Futures; Cortes owns (EXC); Cortes owns (SO); Cortes owns (TGT); Cortes owns (K); Cortes owns (KFT); Cortes is short Nasdaq futures; Cortes is short EEM vs S&P long; Cortes is short EUR vs USD and CHF; Seymour owns (AA); Seymour owns (AAPL); Seymour owns (F); Seymour owns (POT); Seymour owns (SLW)

For Joe Terranova
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For Ed Najarian
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For Mike Khouw
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