Thursday, August 31, 2006

Trade of the Day - Joy Global Inc. (Public, NASDAQ:JOYG)

A low risk dummy entry as JOYG lifted from support of its midday consolidation. Notice how there is very little overlap of the real bodies of the candlesticks as JOYG makes its ascent. These are my favourite types of trades.

This morning I took a long position in AKAM which basically failed to rally to the $40.00 resistance level. I had a partial sell limit order at $39.95 but it never got tagged so I managed to squeeze $0.40 on a lower high midday.

1 comment:

Anonymous said...

AKAM is only being bought up on hype. The company's growth isn't sustainable.