Is anyone planning on trading JPM this morning? Seems to always sell off after earnings announcement. But who knows what will happen today.
If you are going to ask someone's opinion on a stock, why not provide your own first? Or are you looking to gouge someone else's research?
http://news.theage.com.au/breaking-...ad-trade-balloons-to-58bn-20120714-2228w.html " JPMorgan bad trade balloons to $5.8bn Date July 14, 2012 - 1:29AM JPMorgan Chase says a bad trade has cost the bank $US5.8 billion ($A5.7 billion) this year, almost triple its original estimate, and raises the prospect that traders improperly tried to conceal the blunder."
Fair enough. My original opinion was that it would sell off a little of this rally after the market had been open for a little while. BUT it seems like as the day has gone on the selling volume has really dried up. Just based on the fact volume has dropped quite a bit and the price is still ticking up slowly.