This Trade Has Been Eliminated

sspencerSteven Spencer (Steve's) Blogs4 Comments

This morning I mentioned to our traders that AKAM was in unchartered territory. The next long term resistance level was around $40. I also said the gap up was fairly large so I offered that it might take a few days to get to the 40 level. Wrong!! AKAM delivers content over the internet. The explosion of mobile broadband is … Read More

NASDAQ OMX/GET YOUR SH*T TOGETHER

sspencerGeneral Comments2 Comments

I have no idea which is worse the manipulation that I have observed in DNDN the past few years or the way the NASDAQ and SEC handles the manipulation. Last year DNDN was pushed intraday from 24 to 7 and the NASDQ decided to halt. There was no news and no prosecutions. It re-opened after the halt at 25. There … Read More