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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (83862)	1/16/2013 12:53:25 PM
From: John Koligman	Respond to of 119360

I began trading this one on the long side during the 'whale debacle', after Jamie bought 500,000 shares on the open market last July. Don't feel bad for him, he's already up over 5 million just on that one buy... Regards, John "JPMorgan Chase's Chief Executive Jamie Dimon is banking on the company in the aftermath of the London Whale washout. On July 19 and 20, Dimon bought 500,000 common shares of JPMorgan Chase (ticker: JPM) for $17,107,533, an average of $34.22 each. Additionally, Dimon sold 12,142 shares of Series I Preferred stock for $13,477,620, or $1,110 each. He now directly holds 3,126,153 common shares alongside an additional 3,409,747.5 shares indirectly through various plans that include a spouse and a 401(k). All told, Dimon's holdings represent a stake of less than 1% of the company. This is Dimon's first open-market transaction since purchasing 500,000 shares of the company for $11.5 million, an average of $22.93 each, on Jan. 16, 2009."