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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)
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To: Robert Rose who wrote (1369)1/22/2000 2:34:00 PM
From: Michael Olds  Read Replies (2) of 1884
 
Robert, Just to clarify, I am not a gap worshiper. I have seen quite a few gaps left unfilled. I have also seen enough gaps filled for no reason that made sense to make me aware that for whatever reason, the phenomena is something to keep an eye on. (If you want to see a chart that will shoot the gap theory full of holes, take a look at HAN Hanson ADRs)

I would give the odds of a steep downdraft to fill the gap Monday in ISLD a 50/50 chance; as part of the same move I would guess there will be an equally steep run up thereafter. Friday was options expiration, and there is often a reverse move the Monday following.

mo
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