Thoughts on JPM

[thirst]

And the banking stocks in general - Citigroup. It broke a high made in early 2004 on pretty significant volume. Perhaps test a high?

 

[thirst]

no comments?

 

[thirst]

Well I am long 1,560 contract of the May 45 calls. Welcome to vegas.

 

[der_kommissar]

Are you mental?

You went from asking a public message board for advice on buying a stock to going all in with 1500 calls?

 

[thirst]

I wasn't asking for advice. I would never take advice from a internet msg board... are you kidding me? I was simply trying to engage in some discussions with other traders.... I had already planned my trade days in advance of posting anything anywhere...

 

[DeepFried]

The brokers have been getting crushed the last week or so while the banks have been going straight up. Maybe the steepening of the yield curve is seen as a plus for banks and lenders and a negative for brokers and the market. So the cash is being reallocated accordingly. The way the banks have been going up, I wouldn't close a long position in them or get short right now.

 

[Bitstream]

good 1, i like da stock; stellar report'n'good fcast....enuff said.

 

[thirst]

well.... sold 560 of it at 1.1 the other day...sold the rest today at 1.7 avg.

thanks for your thoughts.