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re: Call the bottom on JPM
Posted on 5/15/12 at 10:08 am to TheHiddenFlask
Posted on 5/15/12 at 10:08 am to TheHiddenFlask
The problem with JPM is the Europe exposure. I've got my eye on it, but am sitting on the sidelines till Europe fixes itself or JPM gets knocked down so much it's yielding above 4%.
I think you'll have some pretty strong buyers if it yields above 4% without a dividend increase (around $30) I'd be a buyer.
Its technicals are beginning to look oversold now. 25 day RSI is just above 30
I think you'll have some pretty strong buyers if it yields above 4% without a dividend increase (around $30) I'd be a buyer.
Its technicals are beginning to look oversold now. 25 day RSI is just above 30
This post was edited on 5/15/12 at 10:08 am
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