Seeking Alpha
  • OneLongTrade
    Dr Jon Najarian from Fast Money is going long JPM short GS/CS/DB as a pair trade into tomorrow. Doug Kass bought JPM at 38.20.
    5/10/12
    Reply (9)
    • OneLongTrade: Just letting you all know what some of the pros are doing. My biggest worry from the news is that VAR jumped from 62M to 129M.
      5/10/12
    • Chines33: Both the "pros" you just mentioned have been crushed this week. Especially Kass big time.
      5/10/12
    • OneLongTrade: Kass yes, not sure about Dr. J, I don't follow him as closely.
      5/10/12
    • OneLongTrade: The $2bil loss was on a portfolio of $200bil. The problem here is NOT the loss, it is the credibility of JPM. Stock takes a hit, but does
      5/10/12
    • OneLongTrade: this warrant a collapse? Hm, guess we'll have to see how Mr. Market takes it.
      5/10/12
    • callseller: is it possible for Banks to buy lots of puts or short the market before announcing the bad news?
      5/10/12
    • OneLongTrade: Possible... Banks/Hedge Funds. Could explain why a lot of the stocks sold off into the close, especially JPM.
      5/10/12
    • Bret Kenwell: Well call seller. Is it possible? Yes. But this is also illegal.
      5/10/12
    • 1980XLS-2.0: Yeah? Well, "Dr Jon" told people to go long CIEN, three days ago @ $13.31, now under $12. Some Doctor!
      5/10/12