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I want to look at Quintiles ( $Q Quintiles Transnational Holdings Inc ).
"Q," nice to have a single letter as a ticker.
Look, this is the high; what I want to explain is a little IPO
strategy that I have. I'll actually be issuing a special report on that
for members next week in my absence. If you're a member you can look
for that.
Here's the deal,
the stock printed this high here,
so this is resistance,
look for some selling right around here. The way this stock is trading
now, it actually looks pretty strong;
I would be buying the stock even right now in anticipation of a breakout. You
just keep kind of a low stop,
or a tight stop right underneath today's intraday low.
Buy some stock now,
then if the stock pushes
above resistance,
into the green box here, that's when you buy more and then you're pretty much
off to the races on this. So this is how I would trade this. You know I
like to keep track of IPO's just to see how they trade; see if they
exhibit this particular pattern. I hope this helps you.