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Monday, February 07, 2011 12:07:21 AM
To answer the question, gaps need to be filled mostly as a psychological deterrence of creating fear among a stock. The tighter the spread...basically bidders lining up one tick away from one another makes a gradual decline if people were to sell on the bid rather than the ask. If someone is lined up at .007 and that gets filled, but the next bid under that is .006, particularly for this stock, and it gets filled...that is a huge decline and could end up in massive selling.
That is good for people watching so they can snatch up the shares, but could be bad for those holding because it creates fear that the stock may never recover.
As of last check, the bid ask is .0064 x .0088 which is huge so either the bidders are going to have to move up or the asks are going to have to move down...with Friday's news it is probably going to be the latter.
We will just have to wait and see, but in general...the price is going to go up so if you can get some cheapies at the open or slightly after, more power to ya.
All IMHO of course.
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