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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader$Rader who wrote (1918)	12/13/1998 1:58:00 PM
From: Tony B	Respond to of 56532

TR - Gap definition - I think I can actually answer that one. A gap occurs when the opening price is different than the previous days closing price (eg. stock ABC closes at 20 thursday and opens at 24 on friday). A gap up is a higher opening price than the previous close and a gap down is a lower opening price than the close. llater, Tony B

To: Trader$Rader who wrote (1918)	12/13/1998 2:15:00 PM
From: BANCHEE	Respond to of 56532

Trader$Rader CNKT Sorry I don't follow CNKT enough to play it. GAP, like gap in the morning, When a stocks closes as CNKT did on Fri @ 3 1/32 and it open say at 3 1/2 on Mon that is a gap, Unless you can find the reason why there was this run up from about 1.75 to almost 3.50, I would stay a way from it or wait to the am sell off.Vol was 6.3 mil up from 1.2 mil on Thur. could have been some one or group recommending to buy....be careful because it could deflate just as fast.This stock was .56 cents on Nov 24 and went to 15 dollars on Nov 30 with 22.7 mil What the hell is that? then to 5.75 the next day.. on 6.2 mil. I would go back to around end of Nov and look for news, check the thread if there is one, to see why it ran like this....... It doesn't look like it had a reverse split then. Short squeez ??? If I was going to play I would dig real deep on this one. lots of luck Anyone know anything more on this stock???? Banchee