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
Daughter just got hitched last Saturday in Boston so I've been (happily) distracted from the board. Looks like a date ids set. The PPS will rise starting around the 19th and beyond IMO. Lets hope THJMFW takes it to them. I will be all in and on my knees that day. DanBB I hope still has us covered live in the court room. I’m asking my Doctor for double dose of sleeping pills the night b4. I will be in WA the week of the 26th. I hope to see a lot of smiling faces out there. pr
Maybe true regarding JPM's ability to inject liquidity into the economy. BUT, WAMU could step in and fill that void. Or do the billions of cash evaporate?
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