Please excuse my ignorance. I have seen many times the expression "filling the gap", "gap will need to be filled".
A year ago, I couldn't understand most of the traders verbiage, but I now it feel comfortable with most of it.
However, this notion of "gap filling" still eludes me. Does it have something to do with a "gap at the open" when the price makes a big jump overnight. If so, why does it have to be filled? What does "filling" mean?
Since I'm at it, a second one: "block of shares crossed by xxxx". What does "cross" mean (bought, sold?).
Thanks if someone care about tutoring me, and sorry for the noise.
I'm long (heavily) on RIG, FLC, UFAB, HLX, PGO, VTS, MEXP, PGEI (difficult to trade with a day-job!). This sell-off is killing me. Trying to hang tough while flirting with margin call...
Good luck to all in the patch. |
