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This is a stock deal. You will get .05 of a share of JPM...or, at the moment....$2.00
Yes, the people who piled in over the last few days thinking they were buying "cheap" stock are wiped out. The losses will be astrosnomical. You will see people literally jumping out the window when they are told to come up with tens of thousands of dollars on Monday.
Old rule of thumb: don't buy sick stocks.
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