Perot Systems (PER) surges on acquisition by DELL

Perot Systems (NYSE: PER) started the week with a major gap up opening and surged by almost 65% in first 90 minutes on high volumes, following the confirmation of news that DELL Inc. (NASDQ: DELL) was buying the PEROT Systems (PER) for $3.9 billion cash. Traders having long positions in PER, should continue to ride the momentum by following a trailing stop loss strategy.