How will JP Morgan receiving their 8.2+million offering shares tomorrow effect the stock?
The current share price($6.50) is 2 dollars below what JPM paid($8.49). JPM is not in the business to take huge hits like this. I have a feeling they could drive the price up. So JPM is not likely to sell any shares. In my opinion they will hold or leverage down to lower their average price. This should run the price substantially higher tomorrow. It is in everyones best interest the price goes up from here.
That being said.... Im not an expert on how this stuff works. Im considering adding to my position in the morning. I would very much like some thoughtful analysis or opinions here? Please no pointless pumper/dumper nonsense..thanks!
wow, are you that stupid? JP Morgan doesn't take a hit. Their clients they sold the secondary offering to already paid the money. All JP morgan is doing is sending the paperwork to the other brokers and doing the settlements paperwork. JP Morgan's work is done already, the selling/pitching the secondary offering. They collected the money and fees already. They have NO MOTIVATION now to pump the stock further.
What a dope. How long do you think their well healed clients will remain their well healed clients if JPM sells them a bag of garbage every time they call with an investment idea. It's just MM's trying to create volume to suck money in and run stops on the way down in an attempt to cover their short positions and get some of their #$%$ they got handed to them back on the positive news. It started the second buying pressure subsided. The available float has turned over about five times, since they announced they met their goals. Gap fills at 6. Why do people make this so hard to understand.