Replies to post #19613 on Bank of America Corp (BAC)

[The Pup]

One should keep in mind that all 13 HFT exchanges pay a .03 rebate to the volume traders. That is per share,per trade, regardless of direction. The HUGE funds are simply front running a number of stocks to keep them in a "channel" in which the share price can be controlled. Cheaper shares= more shares to trade=more rebates.
Do the math on say 100,000 shares traded maybe 3-4 times per day.
This IS what is happening. BAC has ALL the fundamentals in place and only good issues forthcoming.
BAC is a strong buy, just being "manipulated".

[Goodtimes93]

Brian's comments seemed to stem the fall for now. The short interest is very high still so I expect the will work hard to make money (or at least not lose it). Brian was spot on to say the headwinds are very positive along with his strong cost cutting strategy. Interest rate increases requires little extra cost to generate EBITA.