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To: MJ who wrote (173801)	5/4/2008 5:53:29 PM
From: lexi2004	Respond to of 208838

LOL Well, I'm hoping it retraces before it fills that gap.:) I've been trying to study gaps too for it seems I'm playing quite a bit of them on the short side. I know if they have huge volume they're called continuation gaps and usually the upward move continues; however, looking at that gap you mentioned in June, I've studied other charts and just because PNRA is in that gap area, it doesn't mean it has to fill it. I say that because of other charts I've seen that don't do that, plus I didn't include the stoch on that chart and it is over bought too, plus pointed down. So, we'll see just how good a chart reader I am.:) The puts are June S50 so I can always add. I know they say don't average into a play that goes against you, but I do it all the time and more times than not it works out. In part I think they say not to do it when you have a stock that really isn't very good and you keep putting money in it when you shouldn't. Anyway, that's how I do it. Really appreciate our discussion of charting. Think it's very helpful. Lexi