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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 12.22+6.2%Dec 4 3:59 PM EST
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To: Rob Palmer who wrote (5502)2/15/1999 9:30:00 PM
From: Michael Olds  Read Replies (1) of 17679
 
I went to the SI thread for beginning technical analysis and got this very reasonable answer to the gap question:

From: Richard Estes Monday, Feb 15 1999 7:37PM ET
Reply # of 9339

The explanation might lie in that a Gap of size means on an opening there was a big imbalance in orders puting price up in an unorderly way. Most gaps like thses are filled the same day from profit taking or a number of people saying, "I like how it broke out, but I will buy when it retraces or determines support"

A gap can affect how you look at stock but after 10 days, It shouldn't be a major issue if it is not filled.


Looks to me like Hal got it right.
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