I'm terribly bearish on this company and stock but I suspect there will be an upward surge It will not continue to be the ATM for shorts it has been The put volume has been significant especially the sept 20's, short interest is higher than ever. (I smell a rat) The puts especially had a spectacular collapse in value with the oct 20 puts actually going DOWN 0.30 cents even though the stock was down an entire dollar on friday. I think the BoA has put a short term floor in this dog. Mozillo may have burned the common stock holders but probably bought some vital breathing room and a capital source. to keep CFC out of the fire. BoA gets a sweetheart deal.