This was the exact scenario I've predicted back in January before the conversion.
[" In my opinion, it is to the advantage of those who are still holding out after NOK owns over 90% because it would tie NOK's hand and force them to negotiate the right price. It is sort of like putting NOK into a limbo (some may view this as a ransom)."]
It is true that investing long term is the thing of the past. The retail investors can only participate but do not control market movements especially with the prevalence of HFT front-running. The only tool left for retailers is to play on the momentum, that is to get in and get out just as quickly despite surging prices.
"As for your monkey logic, I don't think you can fix that. BAC is still insolvent.. You are clueless."
That's how little you know about main street vs wall street. Every trader in Wall Sreet has always been playing with BAC which I can tell that you obviously didn't know. After BAC had written off $210 Billions since 2008 including $72 Billions in litigations and fines the 2nd biggest bank in the US is still standing with over $2 Trillion in assets nothwithstanding its $6 Trillions in derivative holdings. If BAC ever collapses so would JPM, WFC, C, and they would be bringing down every major financial institution across the globe through counter-party derivative swaps because they are all TBTF (too big to fail) and will cause systemic shockwave across the global financial system, which means there goes the entire US economy heading into a Depression. Why do you think BAC is the most heaviest traded stock in NYSE ever?
Frank, if you're so convinced that you're such a great analyst and a pro then you wouldn't be playing with this worthless "value trap" call NOK. You will be playing in the big league and placing a huge bet on BAC.