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Jamie Dimon Is Buying JPM, But The Charts Warn You Shouldn't
JPMorgan Chase (NYSE: JPM) Chairman and CEO Jamie Dimon made news last week when it was announced he was personally buying $26 million worth of company stock as prices were hitting two-year lows. As The Wall Street Journal put it, his purchase was intended to "boost confidence in [the] banking industry" and "stem the tide of negative sentiment overwhelming bank stocks this year."
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