They have to keep it cheap so the funds can get their 600m shares tomorrow cheap, buying pressure is intense so they really have to sell in volume to keep it down.
It will close within 1 cent of 3.18, and tomorrow it'll be down then close at unchanged again. After the close the index funds will finally get their 600m shares at around 3.18 or less.
I know none of you morons bought 3.25 today. Who created that illusion anyway? Misappropriated taxpayer funds probably. We know one thing, it isn't going to loan modifications. So where did our TARP money go and where is it now?