JP Morgan have done the ultimate classic of "buy high sell low"...

JP Morgan have done the ultimate classic of "buy high sell low" they payed a substantial premium to the share price in 207 to get a private placement placement at $2. And they ae taking a 90% loss! Old Pierpont would be turning in his grave at the incompetence of this. His motto :"get in when there is blood on the floor" might be changed to "get some of my investment analysts blood on the floor." So far they have turned $3mllion into approx 300K.