that JPM is selling 22B (or was it 25B) dollars of their investment stocks to cover the "whale's" London loss recently. If true, it should be noted that they were the second biggest holder of PAY stock and this may partially explain the precipitous drop of the PPS.
They didn't specify - just "investment securities". You would think after an entire week of selling, it would abate but still the selling goes on. Maybe they cloned the sellers. And for the life of me I can't understand how it went from a high of 55+ down to 35. Everything that I've read so far doesn't justify that kind of haircut. It's currently trading like RIMM or some other redheaded stepchild stock. Was the run to 56 just an aberration without logic or what?