Friday, March 31, 2006

Trade of the Day - AKAM

AKAM was good to me this week. Purchase on break of yesterday's high with 50% profit locked in at the 10:00 reversal time. I had to leave my desk so I set my stop on the balance of the trade just below the pre-market low (a calculated risk given the strength of the stock so far this week). I was able to pick up some more on a volume spike in the last half hour (this last trade was taken on a 1 minute chart). Surprisingly, it took out $33.00 and I was stopped out on the entire position when it came back in.

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