What is your plan with BAA? Are you day trading, swing trading, or planning on long term? If you are planning on long term, I'd start scaling in if you are convinced the gap will fill. Whether you pay .25 or .35 will not matter long term. Gold is down today, so you might have a chance to get some more in the .2X range, but it will be interesting to see how the day goes after that 1 million share slap right at the close yesterday.
The news that caused the gap was good enough to break away in my opinion. I'm personally surprised to see that it ever touched .27 again, but I think longs and the bulls saw what was going on and just decided that it would be an opportunity for them to load again. Also, once .30 was breached, it sure appears that a ton of stops were triggered which helped that .27 be reached.
One thing I know for sure is that you have to form your own opinion. I'll give you an example of what was IMRS a few months back. It left a gap from .27 to .30. Matt was screaming buy whenever, AF said gap will fill. I waited for the gap to fill, but it never did. So instead of buying .30 and missing out on what would have been a bagger for sure and potential 4 bagger if I held to its 1.20's highs, I ended up missing out. Sadly, I ended up getting in late and passed on 20% gains, only to end up holding on too long so that I got caught up in the BK scheme.
AI
