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American Electric Power Co., Inc. Message Board

  • steveh27 steveh27 Jul 19, 2002 4:05 PM Flag

    Tried to Buy

    My bid to buy at the close at 28.25 did not get executed. Oh, well. That may be a blessing if Monday is bad.

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    • If the price gaps down again on
      Why, traders call this an exhaustion gap. Short term price decline is over. Shorts will cover. Specialist will rally the stock to make profits on stock they have been forced to buy. This is not enron. This is not wcom. This is a utility that people depend on for power. Plus they sold a subsidary for money to pay down debt. Buy, buy, buy. Shorts will cover on a gap opening on monday.

    • Price gaps on nyse stocks will get filled on staple companies. This is not enron. Two day price gaps exist all the way up to $34. Remember the specialists are forced to buy stock from sellers and they haven't been about to unload yet. Specialist must rally the stock to unload. My guess is that the opening on monday will be the low for this sell off.
      Buy on monday if it gaps down again. We call this a exhaustion gap. Exhaustion gaps are extremely rare and always a profitable to trade against.

    • I'm still buying. This is either a gift or a big mistake; only time will tell!!!

57.58+0.17(+0.30%)Feb 27 4:01 PMEST

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