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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 113.15+4.8%11:51 AM EST

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To: Gary Wisdom who wrote (3578)4/7/1998 7:34:00 PM
From: MileHigh  Read Replies (2) of 93625
 
Gary,

PMI (Pardon My Ignorance), but I have heard the phrase "fill the gap" before and I would appreciate your explanation of exactly what that means.

In this instance, with RMBS gapping from 40-43, do we need to come down to 40 to fill the gap or somewhere in the middle of that range or exactly what??

Is the thinking that those investors that bought in at the gapped up price of 43 will sell or hang on to their shares once the 43 is retested? Meaning, once we retest 43, those who are trading will sell at 43 to minimize losses and those that are holding will continue to hold!? Is that the thinking?

TIA, I have always wanted to understand in more detail what filling gaps means.

Still long RMBS!

MileHigh
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