Guess that answers the questions rgarding the crosSo - looks like the large crosses were one or more institutions helping out shorty in the near term.
They let Shorty close out several million shares at between $7.85 and $7.9, and now they are back at it hard - this will not be a fun two days.
The market is saying that $100 WTI is too high. In the near term - that may be true. But BNK value really doesn't have much to do with the price of oil in 2011 (or even 2012). COmmodities are getting killed this month.
Timing is interesting. Gasoline prices keep climbing - but thta is in repsonse to price of Oil last month. I'd think that pump prices will start dropping as early as next week, and be down in time for the May long week-end.
In the mean time - more blood in the streets as shorty pounces on the panic. Shorty moved this down from 7.9 to 7.65 on less than 100000 shares.
At the preices for commodity juniors right now - I imagine that there will be a large number of acquisitions in the next 2 months.