InvestorsHub Logo

CARS

04/30/08 9:48 AM

#1148 RE: balamidas #1145

I hate that word..lol

TraderRich

04/30/08 10:08 AM

#1160 RE: balamidas #1145

There is a form of gap, called a "lap", that exists between the .0013 close on 4/25 and the low of .0015 on 4/28.

So as not to get anyone up in arms and for those not technically oriented who want clarity, a "gap" occurs when the price opens outside of the trading range of the previous day. A "lap" occurs when the price opens within the previous day's trading range, but above or below the previous day's close.

Since the lap on BLDV is such a narrow one I doubt that it has much significance, if any, other than it could be an area of support to keep an eye on if the stock does retrace that far.

Sorry I don't have a chart to post but I don't subscribe to stockcharts.com and eSignal doesn't allow me to post my own charts publically.

Rich