RE:RE:Tomorrow open predictions? JamalAhamed wrote: slow and steady my friend dont want any gap left behind..
Hi Jamal,
That whole technical analysis 'gaps always get filled thing' is a pile of crapo. If people want to pay more for a company, they will put in an order that is above the previous close and the stock will gap in the morning. Kind of like people who put in an offer for a house that is above the listed price because they want to make sure their offer is accepted in a hot market, where sellers often get a number of different offers.
Egt has a number of gaps around the .10-.14 range and those will never be filled, as the stock continues above .50 and beyond.
If I were you, I would buy more now because these prices are going to stay here for long.