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Non-Tech : Invest / LTD
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To: SJS who wrote (11900)2/3/2000 9:09:00 AM
From: Alski  Read Replies (1) of 14427
 
Steve,

One way to play a big gapper like LGTO is to wait for a capitulation bottom. That would be when a lot of pre-gap shareholders give up on the quick bounce and decide to take their lumps. This is often signaled by a new low on gargantuan volume. If such an additional sell off occurs but the stock finishes off the low of the day, that would be an indication that the selling pressure has finally been relieved.

For LGTO, that isn't likely to happen for at least a week, maybe months, if at all. Of course, that's only one scenario and t'ain't nothin' says LGTO has to follow that particular path.

FWIW..Alski
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