Spot on FunkMasterJimmy
They're not worth the energy/H2O in licking the stamp, the carbon-footprint of delivery, nor cost of stamp/paper involved. The millions of Americans who lost their homes a decade ago (through sub-prime concoction) would back-me-up on that. Were you & I right to buy GXY at $2.72 day before POSCO Confirmation..hindsight proves YES. Were we right to decline the selling opportunity at $3.07 on the following trading-day..hindsight says NO..but as we're not playing on an even playing-field (with the Morgans) a crystal-ball is not available to day-trade..So I'm still happy to wait for a much higher sell price..$3.07 is STILL below fair value..and I'm still buying..saving some dry-powder in case $2 buying opportunity arises..and/or lower
I will say 1 good thing about J.P. Morgan only though..while they have their snout in every possible trough & break every rule in the book IMO..I must give credit to CEO Jamie Morgan for his unshakable commitment to J.P. Shareholders. Everything he does is to make JP's stock price as HIGH AS POSSIBLE. Their SP has outperformed every 1 of their industry-peers. Mr Dimon is personally a major shareholder of J.P. Morgan..holding half a BILLION $ in JP stock himself.
Instead of kowtow-ing to our 'paid contractor' and major shareholder J.P. Morgan by allowing them to rent their GXY shares for M.S. (who's sole intent is to trash our stock-price) our Directors should learn something from Jamie Dimon..and begin STICKING UP for their retail shareholders. Mr Dimon is #1 shareholder of J.P. Morgan. He announces Share Buy Backs when JP stock is undervalued. GXY B.O.D. take note..Instead of doing whatever J.P. Morgan says..Try DOING WHAT THEY DO ! In particular the way they stand-up for retail shareholders. Happy Weekend Folks
I'm taking a break..gotta sort out my solar-panel with lithium battery plans. I'm going off-grid..OUT of the banking system
GLTAH
