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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (32125)2/22/2002 10:14:13 AM
From: LiPolymer  Respond to of 99280
 
Got them for 0.60 at the open, which unfortunately I could not attend this morning. Only 20 contracts, as I'm not a heavy hitter like many others on this thread. But I will say that ST trading action has improved vastly since the lurking began.

IF the Fed is snooping around JPM, the SEC can't be far behind IMO. Plus with the grandstanding going on inside the beltway in all the Enron hearings, we will be hearing JPM and ENE a lot in the same sentences. The scum licking press and lawyers will have a field day, as they all know J6P loves a good scandal when it comes to big money.

Thinking back to the unsecured money JPM threw at ENE before the total meltdown, they must have been trying to protect some interest there, i.e. keep the ENE boat afloat so all that smelly stuff doesn't start oozing out should it actually sink. Well, it did sink...

Of course, unlike ENE, I think JPM will be allowed to live. But in the meantime I expect there to be serious pain in the ST, as things have been proven a la ENE to unravel rather quickly once things get going. Like peeling back the layers of a rotten onion, not knowing which layer will finally expose the mess, yet knowing without a doubt that there is one to be found.