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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (32738)11/21/1999 9:36:00 PM
From: Stephen Adnan  Read Replies (2) of 79201
 
Doug R,

I have come to the TA guru mountain for an answer.

I have been in , played, traded, held , CMGi for portion of the last two years and love the stock and concept - yet, the 20 pt gap scares the #$%^ out of me. Am I insane, or just alone in the mindset that the risk/reward of this gap makes it a sell. Incidentlly, I sold after the gap and am waiting to get back in.

My TA says that this gap is ... well rather scary. Unlike many new to the stock , the last several months options actions, and the 81 MM float vs. 6 MM this time last year do not support the manic run-ups of before. And, non-TA wise, during periods of lower volume I have persoanlly witnessed this one being manipulated for call writers profits.

Your analysis appreciated
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