BAC Triggers Avalanche Of $7.00 Stop Loss Sell Orders

Warren Buffett injected $5 billion into Bank of America recently in an attempt to catch a falling knife.  I warned then that blindly following the Oracle of Omaha could be a mistake, in light of all the troubles BAC is having on the mortgage front and lawsuits against the embattled bank. 

http://www.zerohedge.com/news/bac-triggers-avalanche-700-stop-loss-sell-orders