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Technology Stocks : EPIQ - Electronic Processing
EPIQ 16.490.0%Oct 10 5:00 PM EST
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To: Gogi who wrote (25)2/20/1998 3:07:00 PM
From: Boyd Hinds  Read Replies (1) of 50
 
>>I use protective sell-stops to exit when the momentum changes. I'm still in but will be out long before it retraces to 13 (if ever).
In the $13 area I'll be waiting to buy.<<

So, you must have a pretty tight sell stop on EPIQ right now. It looks as if its fighting to go higher, but I wonder who's buying right now. I found this stock in IBD as well, but it was buried in one of their industry profiles. Got in early, have more than doubled my money :) but am worried about valuations at these levels.

This will be an interesting test case for me. I think the hardest decision to make is when to SELL. While I may regret my decision, I think this stock has factored in all the good earnings news, and is due for a pullback or at the very least a pause. We've had steady buying over the past three months, but any large investor(s) trying to get out could hit this stock hard.

Here's another scenario: buying dries up, even small selling drives the price back down as no one is there to buy up the extra supply. This drying up of volume amid a price consolidation is what O'Neill likes to see in his cup and handle formations.

I like your suggestion of using a trailing stop loss. That way, any quick reversal and you're out, but you get to hang on for even more of the gain should the price continue to shoot up at its parabolic rate. We'll see, won't we??
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