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Re: Gregory_ post# 42

Wednesday, 01/16/2008 4:40:55 AM

Wednesday, January 16, 2008 4:40:55 AM

Post# of 112
Sorry about your losses. I think both will bounce back. FAVE is interesting to note that the number of buys were greater than the number of sells today but the price fell. Still not as bad as it looks. Shows a loss of 50% for the day but, the closing ask on Monday was .40 and Tuesday .033. The reason stocks can fall when buys out number sells is panic. People selling at market and not using limit orders. Works both ways of course, but when you see that happening it can be a good contrarian indicator.

Someone said there was a gap that filled on FAVE at .002. I could not see it because of not having detailed charts on pennys. Where can I find good detailed charts that show prices down to the .000's? What are your thoughts on gaps and the length of time that elapses before they lose significance? Any help is appreciated.

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