I initially planned on holding on to Akamai for 6 months, but I wanted to take advantage of last week’s sell-off. After I saw C trading in the mid-52s, I wanted to take advantage of the $3 run-up it had in May. Depending on how long it takes Citi to get back to mid-55s, I may trade out of Citi, and take a position again in Akamai. If Akamai can break thru resistance at 46.08-46.55, next resistance level is in the mid-48s.

I still need to a better job of coming up with my trading plan and sticking to it.

This entry was posted on Saturday, June 9th, 2007 at 10:06 pm and is filed under Akamai, Citigroup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.