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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (34449)5/28/2003 4:18:42 AM
From: EL KABONG!!!  Read Replies (3) | Respond to of 74559
 
Hi Jay,

Mark me down as the third person that considers your JPM play as more than just a little risky...

JPM has had more than sufficient time to hedge their hedges (so to speak) and transfer much of the risk to other hedgers, which I strongly believe has already happened.

From my point of view, JPM has traded the possibility of a huge upside gain in profits for the probability of a well diversified safety net on the downside. Just an educated guess on my part, but I simply don't believe that JPM would be so stupid as to have so many eggs in one basket as to risk losing the whole thing...

KJC