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Started By
Message
re: Call the bottom on JPM
Posted on 5/21/12 at 10:56 pm to greenhead11
Posted on 5/21/12 at 10:56 pm to greenhead11
Yall need to forget this and go watch the Thunder wreck shite. Much more enjoyable.
2
Posted on 5/22/12 at 8:14 pm to kfizzle85
up 4.61% today
Posted on 5/30/12 at 7:22 am to kfizzle85
it's been hanging between 33.50 and 34.50 the last few trading days... think it's bottomed yet?
Posted on 5/30/12 at 12:17 pm to baytiger
quote:
CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter. The sales of profitable securities from elsewhere in the bank's investment portfolio will increase its costs by triggering taxes on the gains and by eliminating future earnings from the securities.
LINK
I question whether they sold to offset losses or liquidity?
Posted on 5/30/12 at 12:35 pm to Blakely Bimbo
You know the CDS trade was a paper loss yes? Probably no. Under the false assumption that it wasn't a paper loss, do you really think a bank with $56 BILLION is facing liquidity issues over a $2B trading loss? I really can't tell if you're trolling or not, if so you're great at it cause you get me every time.
Posted on 5/30/12 at 12:44 pm to kfizzle85
I'm waiting for the DOW to hit 12,000 then im buying.
The DOW will bring JPM down to about 30.
Plus 4% yield.
Have to pull trigger on such a solid company.
The DOW will bring JPM down to about 30.
Plus 4% yield.
Have to pull trigger on such a solid company.
Posted on 5/30/12 at 3:31 pm to LSUTigers00884
Closed at 32.96
On its way down to 30 ;)
On its way down to 30 ;)
Posted on 6/1/12 at 10:57 am to LSUTigers00884
News just gets better and better...It's only 30 grand and is really no big deal. However not a good time in view of recent news.
LINK
quote:
Reuters) - JPMorgan executed wash trades on 10 separate occasions in U.S. crude oil and gasoline futures in the first half of last year in an effort to manage position limits, the operator of the New York Mercantile Exchange (NYMEX) said in a disciplinary notice on Friday. Wash trades involve having the same dealer on opposite sides of the same trade, and are banned under exchange rules. CME Group, which operates NYMEX, ordered JPMorgan to pay a fine of $30,000.
LINK
Posted on 6/1/12 at 11:08 am to Blakely Bimbo
Definitely having liquidity problems now.
Posted on 6/1/12 at 11:11 am to TheHiddenFlask
Ya, I would caution on buying JPM. It is not really certain what the impacts of their IG9 exposure will be at the end of the day when they unwind. They could have losses in excess of 5 Bn related to this trade.
This is addition of not mentioning their derivatives exposure to europe. I would highly advise against any financials atm.
Their best case scenario is that the Fed comes in with another splurge of stimulus which is likely to happen if the market heads south of 12k and jobs numbers continue to look abysmal as I have stated would happen in the past. OpTwist ends by July so look at all actions of the Fed from here until then. But, even with the Fed's possible printing it is still a risky play.
After speaking to most of my millionaire friends whom are all professional traders their sentiment is 'capital preservation' not growth. I think too many people here are focused on growth in a time that growth is not happening. Of course, there are opportunities to make money but you are going to end up having to stomach more risk than you can probably stand. I advise going more defensive, looking for stocks that actually pay more than the atrocious 10y Treasury. Aka the walmarts of the world.
If you really want to limit your exposure to Europe and take advantage of the dip in oil prices look at Dean Foods as it is a pure American play and it gains tremendously off of lower oil prices.
This is addition of not mentioning their derivatives exposure to europe. I would highly advise against any financials atm.
Their best case scenario is that the Fed comes in with another splurge of stimulus which is likely to happen if the market heads south of 12k and jobs numbers continue to look abysmal as I have stated would happen in the past. OpTwist ends by July so look at all actions of the Fed from here until then. But, even with the Fed's possible printing it is still a risky play.
After speaking to most of my millionaire friends whom are all professional traders their sentiment is 'capital preservation' not growth. I think too many people here are focused on growth in a time that growth is not happening. Of course, there are opportunities to make money but you are going to end up having to stomach more risk than you can probably stand. I advise going more defensive, looking for stocks that actually pay more than the atrocious 10y Treasury. Aka the walmarts of the world.
If you really want to limit your exposure to Europe and take advantage of the dip in oil prices look at Dean Foods as it is a pure American play and it gains tremendously off of lower oil prices.
Posted on 6/1/12 at 1:13 pm to ich1baN
Hate to say I told ya so but JPM is at 31.8 now-- keep going towards 30.
Posted on 6/1/12 at 1:19 pm to LSUTigers00884
Congratulations.
Posted on 6/1/12 at 1:22 pm to kfizzle85
Thanks 
Now let's just hope to Government doesn't split JPM.
Now let's just hope to Government doesn't split JPM.
Posted on 6/1/12 at 2:58 pm to LSUTigers00884
quote:
Thanks
Now let's just hope to Government doesn't split JPM.
He was being facetious.
Gloating about random calls you made with no analytical reasoning is just silly.
Sure, we all make gut calls on things for fun, but the difference between the KFizzles/RSBRs/LSURussians/etc. of this board and the Rivers/Baylors/etc. of this board is intelligent thought, research, and analytical process.
Posted on 6/1/12 at 4:55 pm to TheHiddenFlask
Dude I know he was. You get worked up over dumb crap-- go back to work.
Posted on 6/1/12 at 5:18 pm to LSUTigers00884
Posted on 6/1/12 at 9:47 pm to kfizzle85
Posted on 6/2/12 at 12:11 am to LSUTigers00884
No, I'm on board with it going lower... I guess you meant that for the OP.
Hopefully this puts sand in the OP's sails:
CFTC to subpoena JPM over Trading losses.
-Now just to give you a heads up: The CFTC does NOT subpoena the largest US bank over a plain vanilla 2 bn trading loss.... this is likely way more than 2 bn and is why JPM sold assets off worth 25 bn... most likely margin calls on their IR swap desk. This is just the tip of the iceberg.
DO NOT BUY THIS STUPID STOCK. YOU WILL LOSE YOUR MONEY.
Hopefully this puts sand in the OP's sails:
CFTC to subpoena JPM over Trading losses.
-Now just to give you a heads up: The CFTC does NOT subpoena the largest US bank over a plain vanilla 2 bn trading loss.... this is likely way more than 2 bn and is why JPM sold assets off worth 25 bn... most likely margin calls on their IR swap desk. This is just the tip of the iceberg.
DO NOT BUY THIS STUPID STOCK. YOU WILL LOSE YOUR MONEY.
This post was edited on 6/2/12 at 12:12 am
Posted on 6/2/12 at 6:19 am to ich1baN
Lol. Insider info.
I'm calling the Feds.
I'm calling the Feds.
Posted on 6/2/12 at 6:50 am to TheHiddenFlask
quote:Nah, it's all legal. About That Boaz Weinstein London Whale Bulls-Eye
Lol. Insider info.
I'm calling the Feds.
Which brings up a related point. I work in a world of 1-yr NCC's. Fairly standard. Granted the NCC is often a geographical rather than global restriction. But for the financial industry to only issue 30-day CNC's is fascinating. Enforceability not withstanding, one month for a major player in a major firm is equivalent to pissing in the pond. Seems insider trading law could and should be expanded to capture at least some of this.
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