CUY curnamona energy limited
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about the jp morgan sale a few weeks back

  1. tdyen
    157 Posts.
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    13/08/08
    16:05
    Post #: 4106376
    A while back someone was posting about how JP Morgan were selling. I think today we found out why

    http://www.reuters.com/article/businessNews/idUSBNG18040920080813?feedType=RSS&feedName=businessNews

    "JPMorgan has $1.5 bln in Q3 mortgage asset losses"

    The headline says it all. Sounds like it was an asset reshuffle to minimise debt and maximise cash. Note That's not from JP Morgans mouth, just my read on their actions.
    CUY Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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