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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: drakes353 who wrote (1510)7/30/1998 9:16:00 AM
From: Mama Bear  Read Replies (3) of 2506
 
drakes, from my experience watching level 2, when a stock like EASTE indicates a gap that high above the closing and isn't trading significant volume at the gap up price in premarket (2 500 share lots have crossed at 13 1/8), the gap up is a headfake, and the stock usually closes down for the day. We'll see if EASTE is true to form.

Barb
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