LPNT - 121305

I discussed LPNT in my post earlier today. Here is the analysis:

1.) What did I see?
A gap up and wide range first bar - it sold off from the high but still closed strong and above the opening range (OR) high set in the first 15-minutes. The second bar forms a "hammer-like" candle, is a narrow range inside bar, and also closes above the OR high.
2.) What is the entry?
A break of the second bar high.
3.) What is the exit?
1/2 closed at the Fibonacci extension of the previous day's low to the opening range high. The other 1/2 closed after $1 gain.