RE: Without news, I predict 1.20s by Friday.
posted on
Mar 08, 2006 05:08PM
There is a very good chance MM`s will drop the bid to fill the gap at $1.19. Heck, they`ve filled every other gap on the way up so far. Barring any news we`ll probably get there. REMEMBER... ALL gaps eventually get filled... EVEN ONE`S ON THE WAY DOWN. So, the MM`s have a gap to fill between $1.75 and wherever we opened today. As the saying goes.... we`ll be baaaack! To those of you who say gaps aren`t always filled... I have been in the market for 25 years and I have NEVER seen a gap that WASN`T eventually filled.
Cheers... and GO PTSC! (I did pick up a few more shares at $1.41 today... will probably buy more at $1.20 if we get there.)