What happened was jpm executed 2 block trades of 10mil each. Thats is just some mutual fund or pensions swapping allocation. For every trade there is the otherside, so someone taking the other side of the sell, I dont see whats the fuss. The price will be back to the price before the block trade tomorrow. people dont panic if u dont know.
Given the Flash Crash, many see reason for concern. 10M share blocs are routinely broken into smaller lots to avoid this situation. Nevertheless, no one seems to know why these trades went off this way.
Was either some fund reallocating or maybe someone with some knowledge. They may have just taken their gains in RR's and left. You can't say it was cause of a margin call by a major invesstor cause everything is up. Question is why didnt they just sell in open market in smaller chunks over say a 3 day period and no one would of noticed. I think we now have a near term ceiling in this stock. I don't hold this stock presently.