ACRT about to move to new highs Message Board

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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: Doo who wrote (2851)	3/9/1998 1:40:00 PM
From: stan s.	of 7054

scifi.co.uk Jeffry...as to the selling pressure. A possible explanation. ACRT closed almost at it's high on Friday. The high was 12, I think. I show the open this morning at 12 1/8. Apparently a gap up. ACRT's 2 biggest volume days in weeks (excluding today) happened last week with lows hitting 11 3/4 and 10 1/2 respectively. As you know gap ups are a positive...but as the link above shows they still have a tendency to be filled. It doesn't always happen but often enough. It's a common practice for traders to sell at the "gap up" price....wait for the gap to be filled and then buy back in at the "gap from" price...which incidentally, in theory anyway, defines a new level of support. The stock will usually then continue on a strong upward movement. If it didn't gap up this theory is all wet, I'll check the data tonight and post a chart. Stan

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