Monday, August 14, 2006

Trade of the Day - Akamai Technologies Inc. NASDAQ (AKAM)

Long on the gap fill. I had to exit when I noticed that AKAM was starting to make lower highs. I noticed that when we had a similar strong open last week, that many stocks that made lower highs on the second rally ended the session in the red, so I decided to fade AKAM and the strategy worked.

My only other trade was long CTXS shortly after the 11:00 reversal. Good for $0.70.

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