Yes when stocks gap up

    MOT

    Posted by matt on 30th of Jul 2009 at 12:00 pm

    Yes when stocks gap up way above their breakpoints, we pass on the trades.  We try to buy as close to the breakpoint as possible and don't chase gaps; unless they are breakaway gaps and MOT is not a breakaway gap.

    now as far as taking a Shot at or close to $7, yes that would be an objective Long trade, but with a tight stop just a little below $7.  So I hope this answers your question.

    Title: 15' gap rule Would you

    Posted by jd111 on 30th of Jul 2009 at 12:33 pm
    Title: 15' gap rule

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