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Technology Stocks : Net Perceptions, Inc. (NETP)
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To: Roads End who wrote (2096)11/30/1999 10:32:00 PM
From: rupert1   of 2908
 
Steve: I thought your gap theory, as expounded on other threads, worked in both directions. You say NETP gapped up from $17 and must revisit to fill the gap. Why not say it gapped down from $35 on its IPO day and the recent run-up was "filling the gap". On this theory, support would be at about $33-35 not $17.

If you were to respond that the original $35 was a gap up from the offer price of $14, I would reply that it has already filled that gap by dropping from $35 to $9.
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