If you doubt that these markets are manipulated, just look at a today's chart of BKS. Ramped up to run the stops of shorts, then plummets to run the stops of longs, then back up and sideways to kill put option holders, then a straight down plummet in the afternoon in order to profit from the put options they bought cheaply.
I am done trading BKS. This is blatant manipulation. Just look at today's action on a 5-minute chart and tell me it looks anything like normal human behavior in the markets. Yuck.
It's crazy isn't it? Aside from earnings anticipation, there's tremendous institutional accumulation going on right now, plus short covering. the amount of shares outstanding is relatively small and with the BKS market cap at 1billion and the untapped potential of the ebook wireless market, this stock is poised to double in a year from here on. No one is selling.