Len, just curious...why wouldn't you short an individual stock if there is a near certainty of a stock closing the gap on one of these breakaway gaps? Is it just your investment style, or is it the risky nature of trying to time when the retrace will occur?
You called it perfectly yesterday and would've made a nice 20%+ gain on a short play. I'm not sure if the energy momentum wave will push FPP right back up to $8+ again, but the gap definitely filled yesterday and I think FPP eventually has much farther to go on the downside.
I can't say I have much experience with shorting stocks, but your breakaway gap theory is pretty much money in the bank it seems. Now, where can I find some other stocks that currently fit the criteria...?
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