For Texas, it will be OK for him to continue watch BAA price action because he still has some BAA in his account. But for you and others who have an empty BAA account, it will be a big torture to continue watch BAA price action for the coming days because BAA will create 52-weeks new high this week. Two days ago, I told you $0.2 would be zero possibility, and now I am telling you $0.23 is the new zero possibility.
Let me show you what I saw from BAA trading today.
In the morning someone put more than 200K shares on ask for $0.277 and wants to scare people selling. That big selling order made retails wonder the upcoming direction, so the traded volume was very thin and the traded price was widely spreaded from $0.26 to $0.276. At 2:00 PM, a big buyer took down that 200K $0.277 along with another 130k $0.2845 and so traders were sure the upcoming rising direction from that big buying, then the volume was increased and the price was stably rising.
I also saw a strange thing recently, the buyers of big blocks never put their buying orders on bid, but when big selling orders show on ask the buyers jump out stealthily and took the whole big selling blocks down.
That means we have a lot of hidden demands.
Please be prepared to complain all the way down to $10: "BAA is overbought; BAA is diluted; BAA will be delisted; BAA is heavily debt loaded; so BAA is ready to retrace".
