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JPM JPMorgan Chase
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JPM JPMorgan Chase

  #1 (permalink)
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JPM JPMorgan Chase

A thread to hold JPM discussion.

Mike

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  #2 (permalink)
Quick Summary
Quick Summary Post


 
  #3 (permalink)
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Source: News Headlines


Quoting 
NEW YORK - JPMorgan Chase CEO Jamie Dimon is boosting his stake in the bank by 360,000 shares.

A regulatory filing Friday says Dimon spent about $12.3 million to buy the shares on Thursday and Friday. The average price was $34.14. JPMorgan shares fell 56 cents Friday to close at $33.90.

JPMorgan shares have been hammered because of a multibillion-dollar loss by the bank's traders this spring. The loss was first described in news reports April 5. Since then, JPMorgan shares have lost one-fourth of their value.

The purchases boost Dimon's direct personal stake in JPMorgan by 12 percent, to 3.2 million shares from 2.9 million shares. He has the second-biggest individual stake in the bank.

The filing says Dimon's wife and companies that he controls bought an additional 140,000 shares.

Mike

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  #4 (permalink)
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I believe JPM is a long term buy as well, I am holding about 10% in my IRA.

Mike

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  #5 (permalink)
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Big Mike View Post
I believe JPM is a long term buy as well, I am holding about 10% in my IRA.

Mike

I'm assuming 10% of your IRA is in JPM and not 10% of JPM's outstanding shares?

If 10% of your IRA is in one stock, are you concerned you might be slightly over weighted here? Basically it violates the 2% rule of not risking more than 2% of your account value on any one trade we advise traders to use.

I personally think putting more weight in a very well considered investment in its sector is better than scattering it out in tiny increments without much thought is a better method. Otherwise just buy an ETF. There's nothing wrong with loading up on something you think is a sure thing but who knows what a sure thing is these days? Wait...I do know one....banks getting bailout after bailout.....seems to be working.

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  #6 (permalink)
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PandaWarrior View Post
I'm assuming 10% of your IRA is in JPM and not 10% of JPM's outstanding shares?

hehe, I wish.


Quoting 
If 10% of your IRA is in one stock, are you concerned you might be slightly over weighted here? Basically it violates the 2% rule of not risking more than 2% of your account value on any one trade we advise traders to use.

I personally think putting more weight in a very well considered investment in its sector is better than scattering it out in tiny increments without much thought is a better method. Otherwise just buy an ETF. There's nothing wrong with loading up on something you think is a sure thing but who knows what a sure thing is these days? Wait...I do know one....banks getting bailout after bailout.....seems to be working.

Yes, it is overweighted. My IRA is tiny. When I went thru my divorce a few years ago, I had to cash out my 401k. After I quit my day job and changed my life, I never started saving in a retirement fund again until this year. The priority was paying off my two houses instead first, and my savings was really just paying down my two mortgages (the only debt I had).

So at tax time, I funded 5k from tax year 2011, and another 5k for tax year 2012 [the max you can do], so my IRA is very small right now.

The problem with a small IRA is the fees can kill. I am with optionsXpress, and it's $8.95 a side. Insane for a small account. So I am not well diversified.

I do agree with your analysis, and you are absolutely right.

My IRA is also hedged with an UltraShort SP500 position. All of my holdings are with companies that pay nice dividends, that is the primary strategy in this IRA - risk neutral + dividends growth.

Mike

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Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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Last edited by Big Mike; July 22nd, 2012 at 03:16 AM. Reason: type-o
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  #7 (permalink)
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JPM vs SPY correlation:

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JPM vs XLF correlation:

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JPM: J.P. Morgan Common Stock

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #8 (permalink)
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JPM vs XLF (green line panel 1)

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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The following user says Thank You to Big Mike for this post:
 
  #9 (permalink)
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JPMorgan Sued for Fraud by NY Attorney General* - US Business News - CNBC

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #10 (permalink)
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Since they weren't the only ones at the bonus-pay punch bowl, I'm guessing they are just the first...

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