Anyone have any opinions on why Merrill is getting shitk*cked so badly? I mean I have puts so I'm happy, but I'm still a little confused why it has lost around $10 in 3 days...?
I wrote in my blog about why I think Cramer is wrong. Just because an investor disclosed a stake, it doesn't mean they "jumped in". They probably have been acquiring this stake for a while and are looking to build positive sentiment by releasing the information now. I am still bearish.
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