Market Currents
Jamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a...
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Friday, July 20, 2012, 8:35 PM ETJamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a late-Friday filing. The moves (by Dimon and his wife and associated trusts) come in combination with selling about $13.5M worth of preferred shares.
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This news story has 28 comments:
Public Relations move, in my opinion. Let all the JPM longs know that you are "with them" by buying shares. Not a bad move, but certainly a PR move.
Give me an update on the Libor investigation or the class-action lawsuit that was brought by Louisiana, Ohio, Oregon, Arkansas, and a Swedish pension fund. Where is the Market Current on that?
Will Market Currents be covering all insider buys and sales for every CEO or is this just done for Mr. Dimon?
Seriously,I don't know what to believe about the wall street banks these days.
Follow the leader at your own risk.
In a single short sentence you have spoken profoundly.
Now that the CIO unit has been eliminated, it will be a much better business with fewer negative surprises.
If Jamie buys another 500,000 shares I'll buy too.
See:
http://seekingalpha.co...
still did not put their buyback back
so they still will not defend their own stock price
Typical Jamie D give good face with some fake insider buying move.
LIBOR racketeering criminal indictments coming soon.
We will stay away.
Dimon must look out for the Dimon's. He sees the political handwriting and there is a good chance people in his range will pay a higher tax and capital gains may be raised on dividend income.
And,also other tax changes may come and the death tax raised to 55%.
So, what the release showed me is in " ASSOCIATED TRUSTs"
People like Dimon, Buffet,Jobs,Gates, Ellison, Hollywood types & me, use trusts and Foundations.. No WILLs or LLCs..
What ever goes down in the future the assets never change names as the people mentioned come and go ! NO TAX is do when they pass & the family members run them & donate pennies on the dollars and receive fantastic P/R........ Dimon is in that group !
You don't need to be rich to use those techniques ! ">) DL
Remember old addage. It's not what you earn. It's what you keep !
Hey, can I play? Bet I can make ALL of the money disappear.
Anyone running a bank that poorly should get the axe. No wonder everyone at the ASM could cross their legs without difficulty (think about it.)
Total Assets 2,290,146.00
minus
Total Liabilities 2,098,574.00
_______________________
Total Equity 191,572.00
You do not have to be a financial savant to understand something is REALLY wrong @ JPM,..... or?
ATTENTION:
Why are these questions NOT being asked?
that was sold? Maybe write some calls against
the common?
Red
Just wanted readers to know that Mr. Dimon is not the only CEO who buys shares of the company he is in charge of. The comment of "he puts his money where his mouth is" can apply to many CEOs.
I hope that Market Currents makes it a practice to report the buys and sells of CEOs. I wouldn't want Mr. Dimon to receive special coverage for doing what others do too.