Thursday, July 07, 2005


stock in prepaid legal, PPD, has been soaring during the last few weeks on speculation and subsequent confirmation of a stellar Q2 earnings report. i established a very small position at ~$47 and i can imagine this stock rapidly breaking $50 a share. i would have established a larger position in the stock, but i got in a bit late because i had taken PPD off my watchlist a month ago because it simply wasnt moving. because the stock is soaring into uncharted prices, i have no idea where it'll go. i havent made much on this stock b/c of my late entry, but i'm glad i didnt lose anything. i'm keeping tight trailing stops on this stock and i hope continued buying pressure will keep the stock moving up until the Q2 earnings report on july 25.


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