Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Joe Copia who wrote (2508)	9/5/1997 9:19:00 AM
From: Walter High	of 120523

A question for you expert analysts: Some of us have not been following the stock market as long as others and still don't understand some of what we observe. Perhaps one of you can answer a question that has been puzzling me. Every once in a while, one can look at a stock chart and see a day where the range seems incredibly large; in fact, so large that it is unbelievable. For example, in mid-August SEG shows a day with a range from 40-50 when it never apparently traded above about 44-45. I have observed this happening on a number of charts but do not understand what is going on. I have seen other cases where the chart shows a price $15 below where its apparent bottom was. My only guess is that maybe someone exercised an option contract early to buy or sell at a strike price far from the day's current price. Anyone able to enlighten me on this phenomenon? Walter High

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