re: Ann: Change in substantial holding - J.P.... I agree with nursery on JP Morgan.
It has been a great run to here so far, but I am personally concerned about JPM, and their intentions.
I have experienced the SP manipulation on other shares (see LYC) when they have bought in, and juggle their percentages.
Not forgetting they are sitting on $1 profit at current prices.
Yes they have bought up to $2.61, but personally am suspicious of what their next move is.
My money is on a "reduction in substantial holding" notice.
Also 23 million odd shares at $1.60 to come on to market next week (or within the month after).
Personally I don't think currently there is good support at these levels, and that they can sustain SP gains daily without retrace.
At the risk of being a "moron psfincter", I have lightened my exposure by 50%.
I am bullish over all about this stock, but feel the next couple of weeks may be turbulent, so am taking profit whilst I can.
Good Luck to all.
re: Ann: Change in substantial holding - J.P.... I agree with...
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Last
73.5¢ |
Change
0.010(1.38%) |
Mkt cap ! $353.3M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 75.0¢ | 72.0¢ | $1.075M | 1.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12602 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 11629 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FFM (ASX) Chart |