Blue Diamond Ventures Inc (BLDV): There is a form of gap, called a "lap",...

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TraderRich

Re: balamidas post# 1145

Wednesday, 04/30/2008 10:08:25 AM

Wednesday, April 30, 2008 10:08:25 AM

There is a form of gap, called a "lap", that exists between the .0013 close on 4/25 and the low of .0015 on 4/28.

So as not to get anyone up in arms and for those not technically oriented who want clarity, a "gap" occurs when the price opens outside of the trading range of the previous day. A "lap" occurs when the price opens within the previous day's trading range, but above or below the previous day's close.

Since the lap on BLDV is such a narrow one I doubt that it has much significance, if any, other than it could be an area of support to keep an eye on if the stock does retrace that far.

Sorry I don't have a chart to post but I don't subscribe to stockcharts.com and eSignal doesn't allow me to post my own charts publically.

Rich

Unless otherwise stated, any and all information I post is my opinion which is subject to change. I accept no responsibility for anyone who chooses to take any action based upon anything I post.