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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Ken Adams who wrote (2864)1/30/1999 5:41:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
Trading was closed for SCIO Friday while the FDA deliberated their application for approval of one of their drugs. The approval came, so I am guessing there may be a big gap up on Monday.

A good way to play an opening gap: let it run for the first 30 minutes of trading. Then set a buy stop 1/16 above the high for that period. Once you are in, set your stop loss for 1/16 below the low of that period. A safe way to play the gaps.

TC.