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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: ok1day who wrote (53302)8/16/1999 12:18:00 AM
From: stan s.  Read Replies (1) of 90042
 
KIDE, wow, interesting play. Yes I think it will fill the gap at some point. Question is when and if you want to risk losing a good trade if it takes days or even weeks to fill.

First of all let me leave this link on how to play gaps just in case it has enough steam to soar again at tomorrow's open. It may be a moot point but it's a good link to have regardless.
pristine.com

If it doesn't have early steam or rises early on low volume and starts to weaken after the first 30-40 minutes or so...you could possibly get a short and a gap fill in one fell swoop...and then go long if it holds at "gap from" point.

The odds are against it but you might consider it if the scenario starts to play that way.

The stock has been strong Ossnat so if it opens strongly on good volume and holds the gain after early trading...you might decide to buy some long anyway...for a possible day trade. If it does start to fall back later, you can make your decision then. The chart doesn't give any reason at this time to assume that trend support or gap support will fail. A lot of this will have to do with volume.

I'll probably be here in the morning so keep me posted and I'll be glad to give my opinion as the scene plays out.

Compelling play either way, good luck with it!

Stan
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