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RockSexton

02/01/11 6:22 PM

#28287 RE: Fourthquarter #28245

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.