At 14:21 who flipped on the BEAR RAID on BAC algo program?
Dropping like a knife since there still is no multicent uptick rule. BAC went from knocking on 10 dollar door around 9.90's to 9.75 in about 2 hours and it went from 9.85 to 9.74 over about five minutes. Great for you basher bear types out there. THIS STINKS if you ask me. Thanks to market protection I guess we can feel happy they will stop by circuit breaker concept a bit?
My vote is for multicent uptick rule for financials like Senator Kauffman asked for before he was shown the non reelection door by whom?
He wanted multicent uptick rule for financials to protect our country's stock market investments but well that was three or four years ago now and it's hard to remember the intricate details of that fight on the legislative floor since this market has hurt me bad.
With all due respect, I think you're a bit off base. Only 1.7% of the float is short - not nearly enough to drive stock action on a stock that trades 150,000,000 shares a day. Has it occured to you that BAC has failed - yet again - to break through $10. The fears of the fiscal cliff are picking up, and a doubling of the capital gains tax in January will encourage investors to take profits.
There is no great conspiracy. People are just selling BAC. It happens.