gap crap

Since Tim has raised the gap issue it is probably worth noting that when I first bought SAE on the announcement of oil in NSA it went up to around 48 cents . After that it drifted back gradually to around 38 cents over a month .
From my perspective, it didn't need to retrace but it did . The news was good . I just had to be patient .
I have a vague memory of it closing a gap at 39ish on the way back (maybe wrong on that) .

Same news exists today for SAE except now we know the reserves for NSA .
I will stake my SAE shares that it will not go back to sub 40 cents, but the stock has a history of retracing quite a way over weeks and months even when good news is on the record .
INL, NWE, MPO, MAE, etc have all had great runs with subsequent retraces .
I can't justify why any had to retrace at all, but most seem to .
Having the gap at 41 cents possibly should have been discussed at 42 cents, but it wasn't . Lets hope history doesn't repeat and SAE contnues it's surge .