I wouldn't read too much into JP Morgan's recent buying, good though it is.
They only bought 8 million shares over two weeks, and increased their holding by 1%. Small stuff!!
On the seven days they bought stock they bought between a quarter and a third of that traded on the market.
While it has helped the cause, for which we are no doubt grateful, it certainly hasn't been a catalyst for the recent rise.
I reckon there is something else in the wind and another buyer out there accumulating.
Today is shaping up to be fantastic!
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