JPM - JPMorgan Chase & Co - Page 20

Quote:

Originally Posted by OldFart 

nice play Binks

Thanks

have some karma

Let join force short JPM until the ceo are on his fours and beg us to stop shorting.

JPM never drop usd$15 don't stop shorting.

Continue dumping and shorting JPM till usd$15 is reach.

Quote:

Originally Posted by gujiaksai 

Let join force short JPM until the ceo are on his fours and beg us to stop shorting.

 

JPM never drop usd$15 don't stop shorting.

Considering JPM didn't touch 15 when the markets crashed, have fun with that...

Quote:

Originally Posted by gujiaksai 

Continue dumping and shorting JPM till usd$15 is reach.

Are you some dude paid 0.69 an hour to sit on the internet and spam posts like this in India or Nigeria?  Seriously, get lost and don't come back.  All of your posts are about everyone joining hands to short JPM. 

lmao he wants in at $15 and ride the short sqeeze

Quote:

Originally Posted by z00lander 

Are you some dude paid 0.69 an hour to sit on the internet and spam posts like this in India or Nigeria?  Seriously, get lost and don't come back.  All of your posts are about everyone joining hands to short JPM. 

Hey while we are at it, lets just let him short for us and transfer all of our money to him. 

Haha literally all his posts have to do with shorting shit, what a fool.

still in my calls kinda underestimated the power of nonsense! lol.. i might just sell on any rise this week as there are issues in the pipes and the pressure is about to blow. The total JPM loss when all said and done will be between 15-20B far exceeding what i thought would be 5B-6B max.

The derivatives exposure since i thought it was smaller for JPM but inst .. is a real concern.

Since it relates to BAC and ING and others too.. i cant risk a further slide in those and after recent discussions with the VP of some firm; i think its only prudent for me to sell BAC and others, as the money can be put to good use somewhere else.

Total exposure this year ..

71T JPM

61T Citi

40T BofA

.. not to mention also the credit and student loan fiasco pending.. more bad reasons than good i see at this point. Just saying.. not predicting and see better opps in other areas now.

Quote:

Originally Posted by mjoke 

still in my calls kinda underestimated the power of nonsense! lol.. i might just sell on any rise this week as there are issues in the pipes and the pressure is about to blow. The total JPM loss when all said and done will be between 15-20B far exceeding what i thought would be 5B-6B max.

 

The derivatives exposure since i thought it was smaller for JPM but inst .. is a real concern.

Since it relates to BAC and ING and others too.. i cant risk a further slide in those and after recent discussions with the VP of some firm; i think its only prudent for me to sell BAC and others, as the money can be put to good use somewhere else.

 

Total exposure this year ..

71T JPM

61T Citi

40T BofA

 

.. not to mention also the credit and student loan fiasco pending.. more bad reasons than good i see at this point. Just saying.. not predicting and see better opps in other areas now.

Where did you see that amount on the losses?  I've seen upwards of 5-6b but not the 15-20b you mentioned.

Quote:

Originally Posted by z00lander 

Where did you see that amount on the losses?  I've seen upwards of 5-6b but not the 15-20b you mentioned.

Its what i was told by another house which has more access to the positions JPM has than i do. It was during a discussion on my portfolios with the regional vp of a firm.. not saying which one, but ill take his word for it. Its more a prediction and i dont see how they can hedge or not limit the losses, as if things continue to erode they lose more. In the coming years and in 2013 it doesnt seem too good for the economy. Keep in mind they sold insurance which means they were bullish on recovery. 

The aspect he was hinging that on is no matter what it is now, it will grow due to not being able to unwind and the associated positions are known throughout the industry. They are at the whim of their own MMers which will play with bids and demand etc..

you guys read the story about how Weinstein caught the "london whale".  http://www.cnbc.com/id/47580319

I thought it was a good read. 

Interesting how a few hedge funds worked together to bet against JPM.  The europe mess saved their arses though.

yeh i read that.

whole time i was wondering how a philosophy major from Michigan State became a hedge fund titan at a very young age.

*cough* so if the losses were only projected to be between 5 or 6 B .. then why did they just sell 25B worth of securities to cover the faux pa?

Quote:

Originally Posted by mjoke 

*cough* so if the losses were only projected to be between 5 or 6 B .. then why did they just sell 25B worth of securities to cover the faux pa?

To help maintain some level of respectable profits for the quarter.  Your friend may be correct though, or it could also be some information bleed over from the 15-20B they 'lost' in market cap due to the fallout, which I am inclined to believe.  Definitely see more downside here though regardless of who is more correct.  With that, anyone been looking at Jun-Jul puts on JPM and if so what are you thinking?

yeah i took my lumps on the calls i got.. just didnt go far enough. Some vol im seeing wont resolve this until 2013 ..

I do think hes right and im more leaning towards the massive losses and they are acquiring capital to cover.. as there is no easy exit.

IF the econ turns.. ill be loading up on JPM lmao.

Yeah same, I have been buying in increments on its way down and have been considering buying puts if it looks to go further south to hedge my spread that I've been buying since the fallout.  If I had to do all over again I would have waited an extra couple of days to start buying my spread, but I'm looking to hold til end of year or next year anyways (retirement account trades here so I have plenty of time to be patient).

JPM heading towards $15 . Continue to short this stocks . It is so easy to sell it down than buy it up.

Whole world is shorting JPM and monaking billions from it

How to make millions and billions ?

Simple short JPM shares down.

Ask the raiting company to down JPM and we continue to short JPM shares.

Don't stop till JPM hit $15 by than the CEO would be on his four begging the short sellers to stop shorting his shares to the floor

Short sell JPM!!! Short sell JPM and hold on to the shorts.

JPM reaching $15 in 2 weeks time.

Whole world is shorting JPM. Watch it sink lower and lower and lower.

make billions shorting JPM

CEO going to bw down on his 4's.

Begging for mercy. Show no mercy short the shares down to $15.

downgrade to junk stocks