R59: ZYXI:
August 15: "ZYXI +.60 to 5.72, may be the exception to your gap theory .... all the recent good news would appear to make a drop back to $2.70 unlikely, at least in the short term .... of course it could still happen in the long term if their business momentum falters. At least in this case the buyers on that 'gap up' have done extremely well if they're still holding."
As I responded then, "Well, it certainly may be. We will see. Just remember, if it ever does fill, for every person who made a dime above $2.70, someone else lost a dime. I have no vested interest - just always looking for theories that work - and 100% is better than 95%."
The gap filled today and obviously, I would argue the theory as still being 100% accurate.
The moral of the story: Besides breakaway gaps being filled is that nobody should be holding onto any of this micro/nano crap beyond a trade!
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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