My favorite part of the SA short piece was:
BOFI is not a regular bank. It is going to get smoked now that rates have risen. The violent increase in rates is particularly negative for BOFI.
“Smoked”? “Violent increase”? What violent increase of rates is anyone saying is coming?
I thought we were past the investors reacting to these rag articles. I’d expect some profit taking after a 37% increase in one week though.