Warrants up 8%! - still a good buy but not as good as yesterday.... lol Per Reuters: * Firm's board of directors has authorized repurchase of up to an additional $1.88 billion of common equity through end of Q2 of 2016 * JPMorgan Chase & Co says new amount is in addition to $6.4 billion of common equity authorized for repurchase by board last year
What a great thread! I love this website, I can be here all day it keeps me motivated while I am trading! Thanks guys!
Sai, You sure have that right I own JPM going back over 40 years and have always done well with every type of thing that they put out I bought into the JPM.WS as soon as they became public also many of the other banks also I trade them all the time years ago there were other ones outstanding there was a thing that Dodd Frank killed for me that was also traded do recall Capital Trust shares that were tax free for corps counted as Tier 1 capital ? Most banks had them also paying interest of as high as 10 % guaranteed payment of the issue price by the banks or other corps. I had many of them also used to trade them strange never ran across any one who knew about them unless I made them aware that they exacted I bought lodes oe the warrents under $5. do well with them in fact sold a load yesterday but still have more. I will follow your thread.
Wow you got in early eh?? Thats great! Yeah no one really talks about them but I have come across them from one investment newsletter and also on SumZero one time. I've noticed their pricing is actually inefficient sometimes and I have done an "arbitrage" strategy on them which turned out great. I'll leave that for another post though!
Why do you say that? As an American trader I have very few options and most of them are scams. I have been trading with Tradorax for over a year and never had any problems with taking my money out.