ABY 0.00% $1.02 adore beauty group limited

Selling pressure was enermous till date. JP Morgan has sold...

  1. 48 Posts.
    Selling pressure was enermous till date.

    JP Morgan has sold $25Billion of other profitable investments to offset their $2Bn losses.

    JP morgan bought huge amount of shares in ABY when it was trading at around 10cents to 40cents. They are still downloading to offset their losses.

    Lynn Turner, former chief a/ctant of SEC has said, "They really made two stupid decisions".

    Very apt statement.
 
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