A headline you don't want to see: JPMorgan stops stock buys, cites need for capital - GoFuckYourself.com

epitome · 05-21-2012, 09:42 PM

http://www.sfgate.com/cgi-bin/articl...BUKA1OL87O.DTL

It is quite suspicious. They could buy back their own stock at below tangible book value.

The question remains... what else is lurking around the corner? That $2, 3 or 5 billion loss shouldn't sink them, so what are regulators worried about?

SpeedoDave · 05-21-2012, 10:28 PM

I sold my position in the VIX on friday (options position closed me out) and took a position with JPM and sold some $35 covered calls.

Lots of hyper over mark to market accounting if you ask me - we'll see but my money is where my mouth is.

Dave

epitome · 05-21-2012, 10:41 PM

I ask because I don't know...

Are you saying the market is hyper over mark to market or regulators are?

If the market, it'd make sense for JP Morgan to continue buying back shares, right?

If it's regulators forcing them to increase their capital reserves then it's a sign of potential future trouble?

Also, how old is your signature?

05-21-2012, 09:42 PM	#1
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	A headline you don't want to see: JPMorgan stops stock buys, cites need for capital http://www.sfgate.com/cgi-bin/articl...BUKA1OL87O.DTL It is quite suspicious. They could buy back their own stock at below tangible book value. The question remains... what else is lurking around the corner? That $2, 3 or 5 billion loss shouldn't sink them, so what are regulators worried about? Last edited by epitome; 05-21-2012 at 09:43 PM..

05-21-2012, 10:28 PM	#2
SpeedoDave Confirmed User Industry Role: Join Date: Sep 2003 Location: Aussie until we are convicts no more. Posts: 354	I sold my position in the VIX on friday (options position closed me out) and took a position with JPM and sold some $35 covered calls. Lots of hyper over mark to market accounting if you ask me - we'll see but my money is where my mouth is. Dave __________________ I feel old since I started SpeedoFetish.com back in 2001.

05-21-2012, 10:41 PM	#3
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	I ask because I don't know... Are you saying the market is hyper over mark to market or regulators are? If the market, it'd make sense for JP Morgan to continue buying back shares, right? If it's regulators forcing them to increase their capital reserves then it's a sign of potential future trouble? Also, how old is your signature?