Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (25167)	8/25/1998 4:28:00 PM
From: Monty Lenard	Read Replies (1) of 94695

Jim, when I saw the gap up on the NASD I knew it would not hold. I have played this crap so many times in the O&G sector for the last 10 months that these setups are pretty easy to spot. For a long time you could buy HAL or DO or some of the others 30 min before close if you could catch them drawing a hammer like they did in the indices Friday and sell them on a gap the next morning but you had better not hold them like I did VRC or they would burn your butt. If they are going to trick me they will do it some other way as I WILL NEVER buy a gap. Monty PS Look at SLE chart and look at the gap it has been trying to fill.

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