Simple Technology - STEC Message Board

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Technology Stocks : Simple Technology - STEC

STEC 1.590

+65.6%

Dec 23 3:59 PM EST

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To: Rudy who started this subject	4/2/2002 12:30:45 PM
From: Rudy	of 36

We've just seen another continuation gap with high volume. (PS: Prices need to reach new highs for several days after the gap. Otherwise it could be an exhaustion gap.) Now, here's the scoop. Common trading experience calls "prices will go as much farther beyond the gap as they already have gone between the beginning of the move and the gap, as measured directly (and vertically) on the chart." There could be different opinions about the starting point of this longterm trend. A very conservative call can be around $3 as the start point. (More likey around $2). In other words, this trend came from $3 to about $8.5 and gapped. It took 4 months. An estimate for the move from this gap would be from $8.5 to 14 in the next 4 months. Please remember that these are all statistical estimates. They are no better than weather reports :) So take all this with a grain of salt. Now, today's volume: I count about 15 orders of 5K or more, of which, 6 are 10K+. Good buying interest from deep pockets. Feels good. My 20% addition at 7.40 looks better each day. Take care guys and enjoy the ride, Rudy.

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