Universal Detection Technology - How Gap Opens Work in the OTCBB
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Universal Detection Technology common stock will experience a gap open this morning and may trade another 2o% higher to .015 - .017 . In my opinion, this screams of a massive market maker short position being developed at the expense of retail investors. Market makers gap the stock open and entice retail buyers to chase the upward swing in order to develop a short position on an over-extended upside move. I would back off and be a buyer on a pullback.
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