A trend, once established, is more likely to continue than it is to reverse. That is the phrase I remind myself of when I am making purchases of stocks which are trading at new highs. While I have the utmost faith in this market saying, I think that new purchases in shares of Sigma Design (SIGM) do not make sense after the 200%+ rise the stock has experienced over the last 4 months. To me, the stock has come too far too fast and is vulnerable to a deeper pullback.
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