VerticalNet, Inc. [VERT] Message Board

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Technology Stocks : VerticalNet, Inc. [VERT]

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To: neverenough who wrote (801)	2/15/2000 10:12:00 PM
From: craig crawford	of 1094

Well VERT officially closed the gap so everyone can dance a jig. But here is some support of my stance on filling the gaps. Gary B Smith shows a chart where MSFT never filled a gap up on heavy volume. It's quadrupled since then. From TSC: thestreet.com Question No. 2b: Why didn't you wait for the gap to be filled, since gaps are always filled? . But, if there's one hot button I have, it's technical analysis adages that some yo-yo thought sounded good, but for which there is no statistical proof! First and foremost amongst those is the "gaps-always-get filled" homily. Boy, I really hate that one. Why? Because, a) there's no proof, and, b) it doesn't take into account one's time frame. Essentially it's like saying: "The market always collapses 50%." What, every year? Every 10 years? Every 200 years? Need an example? Let's look at Microsoft (MSFT:Nasdaq - news), circa April 1997.

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