Dino, in my experience it is only amateurs that give any credence to "gap theory"!! I shudder when you use the term "chartists" in the same breath with gap theory!!
Experienced chartists pay no heed to gaps in themselves, they look at all the other factors that create the gap. When a gap closes it has nothing to do with the gap itself, it is merely that the stock runs out of steam, ie no more buyers. Suddenly all the "gap closed" one-liners appear!
Whenever any hotcopper post starts with "the gap must close" ... I stop reading & move on in search of an informative post.
As for ROB, I still hold mine from the last run & added some more last week. I am well in profit, but not interested in a quick few dollars. Like Timbo I feel that it is better to hold onto my position for better rewards.
Yes thats a risk, but one I can easily handle
ROB Price at posting:
2.0¢ Sentiment: LT Buy Disclosure: Held