Can you explain something about gaps to me, and the notion that they always fill?
This stock went from a penny, up to 13+ cents, back down to 5+ cents, up to 9, back down and all around where it is now. In other words, there are plenty of folks that brought in the upper 7's to begin with.
Is the notion that gaps always have to fill more inclined to be true when it gaps up from an already 52 week high pps? In other words, when it gaps up when already in uncharted territory, as opposed to if it gaps up when there are plenty of folks that have already bought or added to positions, at much higher pps than the gap.
In other words, if it gaps to 8 cents, and many have bought at 10 cents or higher, is that any different than if it had gapped up from that 13+ cent pps, to say 15 cents, where no one had bought in the 14 cent range?
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