Trade Watch: $JPM Short at 45 I was watching CNBC

Trade Watch: $JPM Short at 45

I was watching CNBC a few moments ago and nearly had to choke back vomit listening to Jamie Dimon spew forth feel good talking points in a spiel that sounded like he was running for public office. I guess he is running for public office, JPM lives off of money from the Federal reserve and was a large recipient of taxpayer bailout money.

I can not wait to short this stock. Remember folks, back in May they had a multi billion dollar loss due to a series of bad CDS trades. It collapsed from 45 bucks all the way down to 31. I'm watching for a short at 45 for a pullback. Right above it is 46, the 52 week high, and then 48 the high from 2010. So, this is getting into short territory with lots of resistance levels.

I may even pull the trigger at 44 bucks, but my target as of now is 45.

[IMG]http://i.imgur.com/xTKgI.png[/IMG]