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Back a few weeks ago, we posted some names that had "gaps" to fill in their charts [Jun 22: Gaps Filling and To Be Filled?] - James River Coal (JRCC) has filled its gaps, and we also listed Research in Motion (RIMM) and A-Power Energy (OTC:APWR) - here are updates on their progress; both of these of course would require a swan dive.

I found a few more as I scan charts - some in much more reasonable ranges; frankly there are quite a few out there, since we had so many pre-market "futures happy" purchase programs in April especially. If you have any, please let me know in comments and I'll add it to this chart (no penny stocks or sub $5 type of stuff) I actually want to be long some of these names at the bottom of their "gaps," if and when they get filled.

Sterlite Industries (SLT) - gaps all over the place, definitely a huge one in mid $9s and potentially a small one below $9

Starent Networks (STAR-OLD) - below $20; due to this gap I have cut back the position over time

HDFC Bank (HDB) - basically we have a 0.1% stake here; I almost shorted this Thursday; big gap down there at $80.


Woodword Governor (WGOV) - readers pointed this one out. It broke below the 200 day Monday morning and has a nice one to fill at mid $15s.

For those not familiar with "gap theory," it simply says that eventually all gaps are filled; I'd say from my experience this is true 98% of the time (with the caveat that some take years to fill, and we've been in a 10 year primary bear market!)

Disclosure: Long James River Coal, HDFC Bank, Starent Networks in fund; no personal position

Source: More Gaps to Fill