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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (1222)5/21/2004 8:23:56 PM
From: Christopher Brainard  Read Replies (1) | Respond to of 1540
 
Bob,

This "breakaway gap" stuff has me confused. Did we have a breakaway gap today? We closed yesterday at $17.75 and opened today at $17.90. Are we getting all excited about this 15 cents?

Volume was GREAT today, but if the cap was at $17.75, shouldn't all this volume have taken us higher than up 90 cents? It would seem that there was plenty of sellers in the market as we moved above the $17.75 breakout point. I understand the idea of a seller vacuum once we break though resistance, but how much buying pressure do we need until we hit this vacuum? Four times normal volume would seem ti be a lot of buying interest!!

Please do not be confused, I am very happy with the trading today and yesterday. I would like to better understand this trading stuff.

Have a great weekend.

Chris