Some hedge funds had made up their mind to liquidate their bank positions -- BAC seemingly in particular -- for the fear of oil loan defaults.
They've been selling in droves, hitting all bids.
BAC will retrace toward $18 once their liquidations are done.
Mortals can't tell how much they still have left to sell, so any day can be a bottom day.
Hold your positions if you don't need the money for food.
BAC is solid if you check their latestt numbers and guidance.