Akamai Technologies

AKAM

Company. Akamai "is the world's largest on demand distributed computing platform for conducting profitable e-business. Overcoming the inherent limitations of the Internet, Akamai's services ensure a high-performing, scalable, and secure environment for organizations to cost effectively extend and control their e-business infrastructure." (company website)

Buy. Near the end of May, Akamai moved above the $14 level, and the trend began to strengthen (ADX line). I bought while it was resting after a solid jump from $14 to $15.

Sell. Two days ago, Akamai reached a new high, but on a down day. I should have sold then. I had set a trigger to place a sales order if the price dropped below $16 (protecting a gain of $1 per share). Unfortunately, the price dropped too quickly and the order did not execute.

On Thursday, AKAM traded briefly at $16 again, but I was too slow to renew my sales order. I decided to settle for a sale at $15.85, just less than $1 per share, lest the price drop even further.