Replies to post #20463 on Bank of America Corp (BAC)

[Equitiesduke]

If possible visit a HFT exchange. There are 13 of same.
There you will see the "front running" of many trades, but BAC is a favorite. Why;...very strong fundamentals, therefore a consistent spike up, most of which is by the institutions via the HFT exchanges.Big block holders short it, go flat or reverse, like buy,
price fluctuates and they all profit just from the trade! Never mind the spread, which is gravy, they get .03 cents per share per trade, regardless of direction. Do the math on say 100,000 shares. Now multiply that by say 3-5 trades per day.
This is why the BAC share price remains about 23.-25. give or take a few cents. Cheap price, easy to trade more shares. So, "keep the share price as low as possible"!!Personally witnessed laughing at how easy this is to do within a exchange.
GL.