We have JPM reporting earnings on Friday. Most of the banks will be floating, imo, until Friday. If JPM blows the quarter out, like expected, we will get a bump. When banks blow out quarters, most banks in the sector will also get a significant increase in stock price. We report the following week which should give us the run we need if they beat expectations. If they don't, stock my bounce around 3.00 a share. If they do beat expectations, it will go to $5.00... hopefully.
If Q4 09 and Q1 10 are great to us, we should get a double by April, if they are in line, we should still get a 30-40% boost (Dollar gain from this level). If they are bad, we may drop to $3.00 a share, but shouldn't go lower than that.
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