That’s what I’m talkin’ about. Can you imagine those guys that bought Bear Stearns thinking it near the bottom when the Feds stepped in, only to find out that their 1,000 shares at $30 are now worthless 1 day later? Whoo boy. There will be blood!
I have read that most brokerages did not have any shares available for shorting on Thursday or Friday. That puts some real light on Thursday's and Friday's volume. There were some people who may have made some good money trading BSC on Friday, but it was pure sucker money if they were holding at the end of the day.