Hi V.K...About Gaps Again
You don't seem to understand what a gap is. Let me explain, when a
stock doesn't trade in a particular range in two successive days, a
gap is formed and can be seen on the bar chart. In the case of
Novell, this didn't happen last week. Here are the trading data from
8/4 thru 8/11.
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DATE OPEN HIGH LOW CLOSE VOLUME
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08/04/97 7.593 7.625 7.375 7.531 1,974,300
08/05/97 7.500 7.875 7.375 7.843 2,901,600
08/06/97 7.968 8.562 7.812 8.343 9,672,800
08/07/97 8.593 8.937 8.500 8.906 11,520,300
08/08/97 8.812 9.375 8.750 9.000 9,501,600
08/11/97 9.093 9.125 8.343 8.812 6,184,400
---------------------------------------------------------------
On 8/6, the stock traded between 7.812 and 8.562. On 8/7, the stock
traded between 8.5 and 8.937. Now, if you draw a bar for each of
these two days, there is no gap, period. The range between 8.343 and
8.5 is not a gap because the stock traded in this range on 8/6.
Either you put up, or shut up.
Regards
Salah |
