JPM is again flirting with $46.00 pps (AH close of $45.86) with $46.50 being their 52 week high! I wouldn’t mind at all if they can achieve a $50.00 pps or above by EOY! It would make a share swap (3:1 or 4:1) settlement much easier for them and even more lucrative for us WAMUQ’ers if a share swap is indeed proffered as a manner of FINAL settlement!
At this time, I think a cash settlement is completely out of the equation. Only GS has that kind of dough.
The stench of holding a piece of JPM would be rather pungent IMO but … I grudgingly would accept a share swap and immediately sell after the likely 30 or 90 day enforced holding period! … rs