To OTC Journal Members:
 

Profit Alert- SHEP Technologies (OTC BB: STLOF)

I've gotten dozens of emails from members wondering what's going on with SHEP Technologies. As I write today's edition the stock is trading at about $2.50, down from yesterday's high of $3. As you can readily see from the chart, the stock has been tearing up the charts recently on huge volume. Despite the pullback, every OTC Journal member who holds this stock should be sitting on a nice paper profit at this level, regardless of whether you picked it up in February when we first introduced the company at $1.75 (42% profit), or two weeks ago when the stock made it's all time low of $.67 (270% profit). What a difference two weeks can make.

If you followed my trading strategy for this particular issue, you should own this stock. You should have invested 25% of the capital you had set aside for SHEP, and you should be prepared to be involved through 2004. I'm planning for much higher levels than $3 over the long term.

If you followed this strategy, right now the best course of action is no action. Trading out of your position is too risky because the company could deliver a phenomenal event tomorrow, and you would be on the sidelines watching as the stock rockets to a another new high.

If you have loaded up on this stock you might want to use this dramatic surge to lighten up a little, looking to reinvest at lower levels. 

If you followed my strategy and own 25% of your long term allocation, you should be praying for a pullback and a more favorable entry level so you can add to your position at a more reasonable level.

I have no idea why the stock has been on such an exciting tear. There is nothing going on behind the scenes that I am aware of. The recent announcement that the company plans to apply for an AIM listing on the London Stock Market doesn't seem to have enough fuel for this fire. This move may have been the result of a short squeeze.

I'm looking for more information in the near future concerning an investment banking relationship in London and a potential long term financing. When the news comes, I'll deliver it right away.

In the interim, let's wait for a more favorable entry level to add to the position. Regardless of whether this stock goes up or down from here, it is certainly on the radar screen of thousands of investors, which should lead to a very favorable valuation if and when the company delivers corporate performance.

Click Here to read our original profile if you want to learn about SHEP Technologies.

Click Here to view our compensation on every company we have ever covered, or visit the following web address:  http://www.otcjournal.com/disclaimer.html for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html for Trading Alerts. MarketByte LLC has been paid of fee of $75,000 directly by Shep Technologies, Inc. for coverage for a period of six months. An additional fee of 100,000 free trading shares has been paid by a third party. 

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