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To: Haim R. Branisteanu who wrote (37320)12/5/2000 12:38:31 PM
From: James F. Hopkins  Respond to of 42787
 
Yep; I went long on the 1st..but hedged too , and while
we may have found the bottom, we will fill Gap ups,
So I dumped my qqq , and then shorted it.
Gap ups are caused by futures and "after hr trading on
thin volume" as futures contracts lose time value big
profits are most often taken and that is the main reason Gaps back fill. Strong moves up on thin volume are always
suspect.

Jim