Wednesday, May 31, 2006

SELL INTO BOUNCE


I added some AKAM here at $30.95 with a stop-loss at $30.50. While I am still concerned, I felt comfortable at short term due to yesterday's sell off. The initiative on the Iran front appears to be positive and oil has plunged. This should be slightly positive to the overall market. Volume is on the average side, though. I would like to square off by the end of the day as I really do not intend to carry too much inventory. Stopped out.

Sold half of my position of VRS.TO at $1.45. I would buy some more back if it falls back to $1.2 level. Sold the balance at $1.5. I believe I can get this one back at lower level.

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