Stoogie- we look at the profits in the day differently
..completely disagree with you that people would be out any money, rather people would have had the oportunity to make some nice profits
IIJI, we agree 3.50 & went to 3.60 hod, as I said small
NANO at 9:06 post time was $9.74, not the $10.00 you posted..
07/29/04...09:06:12...9.74...9.74...8.15...1000
It was $10.10 right after the open for profit from that buy area, then again up to $10.20's & $10.30's around 10:50 in the morning, then again at 11:00 when it hit hod @ $10.39..6.6% to hod
marginable stock that could have given as much as 13.2% on cash..decently massive
TARO at post time was $19.45..
07/29/04...09:06:03...19.45...29.51...19.45...2000
(11 other prints at 19.45 as well)
lod was $18.05.. 7.2% drop to lod
marginable stock that could have given as much as 14.4% on cash..decently massive
Your last line
"Too often a stock that makes a major move on news will "fill the gap" and quickly correct after open"
true, but in the case of NANO & TARO, traders had plenty of opportunity to rake in profits based on the price at the time of the post.
Best of luck to you as well.