JP Morgan Chase & Co (JPM): I don't really think they're being sued...

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Re: 10nisman post# 2015

Thursday, 05/05/2011 8:12:36 AM

Thursday, May 05, 2011 8:12:36 AM

I don't really think they're being sued for shorting silver. I do think they're being sued for MARKET MANIPULATION.

When you have over 50% of the total available market short in ANYTHING can cause prices to fall!

I'd bet someone could short an amount equal to 50% of JPM total stock and drop it down to under $25/share... NO ONE is going to buy to keep seeing the price drop and the others sell. Sooner or later someone gotta settle up, unless you're JPM of course

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