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| Alias Born | 03/17/2014 |
Wednesday, July 23, 2014 11:52:05 AM
*EDIT*I hope it works out for you. I'm tired of seeing people lose money on BAA. I do believe in the company but I can't deny they are backed into a corner.
Below is the current L2. At 11:37 a bid for 100,000 shares was placed at .265. When I've seen large blocks like that I've often seen them hit and taken out quickly when they get to the top of the bid. Most likely a fund thinks it'll be able to pass another fund 100,000 shares at .265.
I would expect to see .265 shortly but I have no idea where else BAA will go today. Good luck!
*EDIT* I've also seen where that block disappears and then the equivalent is bought on the ask. That has always been bullish and actually happened just prior to that RSI bounce.
However in that case the large block was tens of thousands of shares away from getting hit. Right now...it is only about 1,300 away depending on how real the bid sizes are above it.
Below is the current L2. At 11:37 a bid for 100,000 shares was placed at .265. When I've seen large blocks like that I've often seen them hit and taken out quickly when they get to the top of the bid. Most likely a fund thinks it'll be able to pass another fund 100,000 shares at .265.
I would expect to see .265 shortly but I have no idea where else BAA will go today. Good luck!
*EDIT* I've also seen where that block disappears and then the equivalent is bought on the ask. That has always been bullish and actually happened just prior to that RSI bounce.
However in that case the large block was tens of thousands of shares away from getting hit. Right now...it is only about 1,300 away depending on how real the bid sizes are above it.
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