I can't understand the type of people who would want to be short here at $3-$4/shr. The time to short this was from 55 down to under 10. The risk reward sucks. The most you could make is $4 to the down side. The upside is completely unknown. Buying puts is a better option but even they are super expensive because of the vols. There have to be better stocks out there to short besides BAC.
For full disclosure I am long 40 Calls on BAC that expire Jan 2010.