Advanced Micro Devices Inc (AMD)

[dougSF30]

That "gap theory" is a great example of something that makes no sense at all.

Start with the definition. What is a "gap"? Stock trading is comprised of discrete trades, not a continuous line, despite the stock charts being drawn that way. So, during every trading day, there are "gaps" every time the price changes. Is any change larger than $0.01 a "gap", then?

No, apparently, it's all about "gaps" between the previous session's close that the current open. But which session? In the US markets? Does after hours count? pre-open trading?

And then there's the problem of *why* this should happen. Imagine that at 12:01am EST, AMD announced that DELL would be shipping AMD in all product lines. Why *shouldn't* the stock "gap up" at the open? And why, except for unrelated troubles in the far future, would it be likely to "fill the gap" going forward?

It's all nonsense.

Doug