Wednesday, March 29, 2006

Trade of the Day - AKAM

Profiled here on Monday night, AKAM was a classic consolidation breakout. My entry was triggered automatically on a buy stop order as it broke above the six day consolidation high. In mid afternoon I set a stop at the consolidation low and was stopped out into the close.

I've been waiting all month for this day and unfortunately I was away from my desk fo most of the day. However, I can't complain because I was able to get two very profitable trades. The balance of the ENER trade was closed at the end of the trading day.

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