On BAA, think of it this way...even the longs are now questioning their position...if you're a day trader who bought the push .65+, you've dumped & won't look at it again...it looks real bad now, it broke down all support levels down to the strongest support at .53...We know that institutions/insiders are in very large with 56% of this stock...they want to get all the flash players out, this is the perfect way to do it...I've mentioned many times that BAA will move when they want it to and we're at the mercy of the large institutions...This is why I stressed not getting "Greedy" last week, take profits on way up at .66 & .73...now I'm buying back on the cheap and will take a larger position on the profits from selling much higher...
KEY that I mentioned a few times on that run up last week:
there was no reason for it...ALWAYS sell into those...jmho