They were having lunch with the sellers. They are still selling. Well may be a bunch of shorting. I shorted at 33.90 and someone continues to refresh on the offer as they walk it down. So far a 60 cent walk down and still moving down on volume. 15 million shares at 1:30 has had some serious player involved. This is how wall street works. They don't make their money from their competitors. They take it from the mutual funds and the retail folks. Today has been an easy day for them to make a bundle on BRCM. They do not make a100 million a day playing fair.
Barcley's announcement as a template for manipulation? Could happen, see below
News Summary: Barclays pledges to fight US fine
By The Associated Press - AP - 3 mins ago
FIGHTING BACK: Barclays is vowing to fight a huge fine for manipulating electricity prices in California and other Western states, setting the stage for a courtroom battle with U.S. regulators.
THE DETAILS: The Federal Energy Regulatory Commission ordered Britain's second-biggest bank and four of its former traders to pay $453 million in civil penalties for fixing power prices between November 2006 and December 2008.
ANOTHER BLACK EYE: The allegations mark a fresh blow to Barclays which has faced a string of scandals costing it billions of pounds. It was fined by regulators in the U.S. and Britain for manipulating the London interbank offered rate, or LIBOR, the benchmark for trillions of dollars in loans.