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just lookin' for alittle insight on if anyone thinks that UIBIE will be a gapper in the morning it ran really strong at about 3:30 off of some new contract news.........??
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Ktrain its hard to say usually a stock gaps hard the next morning if it closed at the high of the day and even though it was trading .03+ I did not like how in the last minutes of the trading day it dropped a little from the highs of the day. I would of like to seen UIBIE keep trading higher and higher right till close but since it fell a little I am a little skeptical IMHO. I guess we will wait and see what the morning brings.
Posts: 487 | From: Northeast Ohio | Registered: Oct 2004
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Your welcome Ktrain Lets keep an eye on UIBIE tomorrow and see how it opens I do not really get a chance to look at GAPS as much though because of my work schedule, I am off today though. I am going to start studying them more. Hopefully I will be proven wrong and she does gap in the AM.
Posts: 487 | From: Northeast Ohio | Registered: Oct 2004
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Mxpx, i have very little experience playing gaps but i keep hearing that you can make good bank. so im gonna try and look at them a bit more myself. im not sure if your suppose to jump right in or if you should wait for the dip?? this will be new to me, if ya have a advice on how to play correctly i would be more than happy to listen. thanks for the responses and lets make some BANK!!
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i watched for a little bit, doubt it will gap and if it does, won't be strong.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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Ktrain, My best understanding of late day GAPS are stocks that have risen during the last hour of trading and that do not consolidate. If UIBIE did not consolidate from the high of the day(.035) I would say it would be a morning gapper. Basically speaking you want to find a stock that has lots of volume in the last half hour of trading and that closes at the high of the day. UIBIE would have been nice if it closed at the high of the day.
Again if you see a stock with lots of volume and tranactions during the last half hour of trading and trades going through making the new high for the day watch it closely and if you see no pullback I think thats when you buy(you should know 15 min. be4 market close whats going to happen). Also looking at an intraday chart might be a better guide too when looking for late day gaps.
Ok thats the way I see it I wonder if we have an GAP experts that might wanna pitch something in or let me know if I am looking at gaps the wrong way.
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Lets keep an eye on UIBIE tomorrow and see how it opens I do not really get a chance to look at GAPS as much though because of my work schedule, I am off today though. I am going to start studying them more. Hopefully I will be proven wrong and she does gap in the AM.
