sadly this is not going to stop because someone is making a lot of money from market volatilities.. lol..In few weeks/months, this will pass. JPM will survive and moves much higher by year ends... lol..
China stock market will be closed next week for Chinese New Year. So expect less volatility and steady uptrend next week. lol..
heavy shorting at $58 and above... seems hopeless to break above $58 by the close today.. need some good news for tomorrow so JPM can gap up tomorrow morning for me to make some quick bucks.. lol..
just bought 100 $60 call for 4 cents each ($400 + fee). Lets see if I can sell it for $1600 by tomorrow.. just a test.. lol..
very good chance to quadruple your $60 call by tomorrow but 99% likelihood to end tomorrow WORTHLESS! lol..
CS has been unloading their toxic loans for pennies on a dollar.. guess who will buy these fire sales and make a fortune on these "toxic" loans.. lol..
European banks have to sell their toxic loans for pennies on a dollar much sooner... guess who will buy these and make huge profits? private investors? US banks? lol...
will JPM sees $60 by tomorrow for these calls to worth anything? wait and see....
JPM on sale:
$55 (capitulation low) - GONE
$56 - GONE
$57 - GONE
$58 - Still on sale, almost gone
$59 - coming soon
$60 - ends this FRIDAY!!!!