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Re: Fourthquarter post# 28245

Tuesday, 02/01/2011 6:22:45 PM

Tuesday, February 01, 2011 6:22:45 PM

Post# of 48121
You guys gotta be careful with those gap downs. Especially when it comes to pharma FDA failures. You typically don't get the same kind of bounce as you would with a stock that legitimately dropped down over multiple candles. What tends to happen is the price lingers near where it opened, then proceeds to dip, forming a new opportunity later to bounce near the point of the original gap down.

Disclaimer: I am not a licensed broker or financial advisor. My statements are not buy or sell recommendations. They are meant for informational purposes only. Follow me @ www.twitter.com/Pinch_Club

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