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Re: uzualsuzpect post# 84216

Friday, 07/31/2009 11:02:47 AM

Friday, July 31, 2009 11:02:47 AM

Post# of 735723
Here's a theory...albeit a crazy one...but a theory nonetheless:

If settlement has been on the table but not given the green light by JPM management, I presume that the MMs are free to trade/short/manipulate as much as they want.

However..

If JPM management has directed counsel to finalize the settlement with WMI to avoid proceeding with discovery, it might be liable for insider trading violations if it allows or encourages Knight (and other MMs with which JPM has a financial or fiduciary interest) to proceed with any trading/shorting/manipulation. Accordingly, the volume we usually see from MM activity would be on the calm side until settlement is executed and made public.

Any thoughts?

MAKINGMOVES

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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