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re: Call the bottom on JPM
Posted on 5/16/12 at 8:03 am to TheHiddenFlask
Posted on 5/16/12 at 8:03 am to TheHiddenFlask
Ok, I know all the guys in the program in NOLA.
Posted on 5/18/12 at 10:38 am to JMTIGER85
Is it time to jump in yet? We've seen a 20% + haircut
Posted on 5/18/12 at 10:42 am to LSUtoOmaha
I'm going to give this legit consideration this weekend.
Posted on 5/18/12 at 10:34 pm to kfizzle85
Reminiscent of BP 12 months ago. Only unknown is if anything else is hidden in those jpm financials...
Posted on 5/19/12 at 4:11 pm to ATL TGR
Nah, its a giant bank, that's a given 24/7. The only unknown is how much they're going to lose unwinding it.
Posted on 5/20/12 at 3:35 pm to TheHiddenFlask
quote:
They have never told me anything about it.
You'd better read up on your policies quickly. If your employer found out they could fire you on the spot and a court would probably rule against you on the basis that you were presumed to know what the policies were on that.
Posted on 5/21/12 at 12:36 pm to TheHiddenFlask
down another 2+% today.
Posted on 5/21/12 at 12:47 pm to Jim Rockford
funny, i haven't seen many numbers thrown out for the bottom in this discussion.
Posted on 5/21/12 at 1:02 pm to Chad504boy
Probably because the majority of the posters in this thread are actually quality posters. Direct correlation imo.
Posted on 5/21/12 at 1:04 pm to kfizzle85
quote:
Probably because the majority of the posters in this thread are actually quality posters. Direct correlation imo.
i miss baylor with his hard number lines.
Posted on 5/21/12 at 1:27 pm to Chad504boy
quote:
i miss baylor with his hard** number lines.
**hard, with a 250% margin of error
ETA: I haven't made a prediction, but I will post when I buy in. My trigger finger is getting real itchy.
ETA2: if it gets to the ~$28 area, I'm putting a stop order on $30.
This post was edited on 5/21/12 at 1:32 pm
Posted on 5/21/12 at 1:32 pm to TheHiddenFlask
quote:
ETA: I haven't made a prediction, but I will post when I buy in. My trigger finger is getting real itchy.
ETA2: if it gets to the ~$28 area, I'm putting a stop order on $30.
i always read these stock twits on cnn's site with the stock's page. People always making comments. Some comments thinking it may break down below 30...
Posted on 5/21/12 at 1:45 pm to Chad504boy
I change my view on this stock, it's a good bank, but as far as I'm concerned you can't catch a falling knife. JPM just suspended their buy back, all of the details aren't out, and 16% of their revenue comes from Europe. There are easier ways to make money.
But as previously stated I think it'll fall till it yields 4 or 5% at least. From the chart side, I see no support for this thing till it previous 1yr low around $28.20. It's below it's 200 SMA and it's RSI is still not indicating drastically oversold.
But as previously stated I think it'll fall till it yields 4 or 5% at least. From the chart side, I see no support for this thing till it previous 1yr low around $28.20. It's below it's 200 SMA and it's RSI is still not indicating drastically oversold.
Posted on 5/21/12 at 2:20 pm to greenhead11
Does anybody know whether a tanking Facebook will hurt the big banks that underwrote? Not sure how that process works, just curious if it's going to be another large loss for them. TIA
Posted on 5/21/12 at 2:36 pm to greenhead11
Ha. My advisor had the same falling knife analogy.
Posted on 5/21/12 at 3:12 pm to TigerDeBaiter
quote:
Does anybody know whether a tanking Facebook will hurt the big banks that underwrote? Not sure how that process works, just curious if it's going to be another large loss for them. TIA
It's going to hurt Morgan Stanley, as they stepped in on Friday to support the price at 38. Will it be material? Maybe not, maybe so.
Posted on 5/21/12 at 7:46 pm to TheHiddenFlask
quote:
It's going to hurt Morgan Stanley, as they stepped in on Friday to support the price at 38. Will it be material?
A guy on CNBC this morning said MS spent $100 million doing that. Sounds like another congressional hearing is needed....
Posted on 5/21/12 at 8:41 pm to LSURussian
quote:LINK
NEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades for Facebook shares were completed on Friday.
Massive demand for the social networking giant's initial public offering on Friday, which set a trading volume record for U.S. market debuts, led to a 30-minute delay in the start of trading in the stock. After the shares began trading, Nasdaq had problems confirming trade orders to investors, resulting in confusion over what trades had been executed. Nasdaq had all orders, executed or not, returned to member firms by 1:50 p.m. EDT (1750 GMT) on Friday, according to a trading alert issued by the exchange on Monday morning.
But Morgan Stanley's brokerage affiliate, Morgan Stanley Smith Barney, e-mailed its advisers, also on Monday morning, that a "large number" of market orders entered on Friday for Facebook shares had still not been reconciled, according to an adviser at the firm, who is not allowed to talk to the media and who declined to be identified. The brokerage, in which Citigroup also has a minority interest, is working to "reconcile" the issue manually, according to the email. A Morgan Stanley spokeswoman declined to comment. A call to Nasdaq OMX Group Inc, which trades Facebook shares, was not returned. "I heard a lot of brokers ranting and raving on Friday about this," said the adviser, who was still waiting for confirmation of one client's "sell" order for Facebook shares from Friday. Fidelity Investments was still waiting for confirmation on some of its brokerage clients' trades as of Monday afternoon, a spokesman said.
While the firm did receive execution confirmations of some trades over the weekend from market makers, it was still awaiting final responses on others, a spokesman said. "Fidelity continues to deal with the aftermath of Friday's market issues in delayed processing of orders for Facebook stock," a Fidelity spokesman said. "As they did then, Fidelity's systems continue to operate normally, but unfortunately, our clients continue to feel the effects of this in some cases. We are working aggressively to address these issues." Similarly Charles Schwab Corp was still waiting for some trades to be resolved as of Monday afternoon, a spokesman said. Nasdaq said on Monday it is changing its initial public offering trading procedures as a result of the glitches in Facebook's market debut. Facebook stock closed down $4.20, or 10.99 percent, to $34.03 on Monday.
quote:
The trades in question are market orders, an order an investor places through a broker to buy or sell a stock at the best available current price. Morgan Stanley, though, said other trading firms are evaluating the prices provided Friday, which includes a review of unexecuted limit orders to "determine whether they should have been executed."
May 21, 2012, 1:33 p.m. EDT Morgan Stanley still executing Facebook orders
So, these unreconciled market orders; do they go through at the IPO price or the current price when finally executed, or is there some sort of time stamp? Sounds like a big cluster frick that is going to piss a bunch of people off.

Posted on 5/21/12 at 10:14 pm to ItNeverRains
It's an oversimplification but it's true. However what's important is to distinguish why a stock is falling? If its being dragged down by the market unnecessarily then I feel safer reaching for the knife
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