As if January 23, 2012, JPMorgan now has a 5% passive stake in Keegan Resources.
Is this short covering at a very low price (sub $4) as it was once a $9 plus stock. Or is this stake to be used as manipulation of Keegan shares? The 5% amounts to approximately $14 million.
My take. . . I don't think JPMorgan makes investments to lose money.
I think they know something.