I added some BAA right before the close today at .198. My .19 and .195 orders from earlier in the day didn't fill, so I figured what the hell and replaced my order a third time. If it does a full body candle gap fill it should only be a about a penny drop anyway.
You mentioned the stop at .18 though, and I wanted to get your opinion on that. I haven't been putting any stops in on my BAA...should I be? While I never really anticipated being long in BAA, the circumstances have kind of forced my hand (because I hate losing).
I can only think of a couple of times in my few months of trading that I used a stop, and one really kind of pissed me off...probably my introduction to MM's and L2. I was in MNGA (I'm now in again) and was up over 30%...the stock was sitting about 1.83ish, so I put a stop in to lock my 33% at 1.73. I swear that I no more than placed my stop, and within seconds all my shares were sold at 1.73. I'm afraid with BAA that same thing would happen, as it sure seems something weird is going on to try to accumulate all these retail shares.
