My take is a lot of long time holders from 2007 and on are bailing on these bounces. in my opinion it is holding up very well in the face of this selling. Just be patient.
Remember, this trades at less than book and net cash. While a few banks may still trade at these levels, this is a company with massive upside leverage. They are down from $55 to $1.50 and haven't really rallied that much despite huge improvements in the securitized lending market. The best part is they have ZERO toxic financing to worry about. Most of the financial companies that survived the fallout from 2008 had to take on huge convertible notes or dilute shareholders significantly. Not FMD
If people are getting out it is actually good news. Selling by public is what makes prices rise. I have TRC which always goes to 30 and reverses. So people learned to get out then. But the market is a bad teacher. You have to hold and hope for the best.