Take Money Off The Table – AKAM

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Nov 09 2006
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USA Stock MarketAKAM, which I invested on the day before it’s earning announcement on 26-Oct-2006 AMC here went for a dive instead when it reported “normalized” earnings of $0.24 per share, beats estimate by $ 0.02. As can be seen from the chart, it consolidated for a couple of days before made a stunning recovery.

Minutes ago, I took the opportunity to lock-in profit as it is about to reach it’s resistance of $52.90. Thus it’s very important to invest in fundamental strong stock. Making money in option trading is a satisfaction if you can control your emotion to take money off the table when it’s time to do so.
AKAM chart

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