I was a little late setting up my charts this morning but I noticed that XLNX was going to open by gaping down $3 dollars. My analysis had XLNX as a Tier I gap which is the best possible gap you could hope for and allows for almost an immediate entry. I did not take the immediate entry, but close, I entered the play short below the 1 minute bar below .10. It was not long before XLNX started moving lower and I found myself covering a quarter of my shares @ .66 and another quarter @ .61. I had a problem locating targets on this play and wanted to wait for a flurry lower before covering additional shares. After several minutes I got what I was looking for as price flurried lower covering some shares @ .06 & .07 then I got the drop to .74 where I covered the last of my shares. Wow, a buck fifty move! I wanted to add and reduce on this play but it fell so hard and fast I just took my chips off the table and called it a day. It’s taken me awhile to learn how to play gaps but the hard work has really paid off for me this last year.