Big news would be news of a private placement for the remaining USG shares to soak up the final slug.
HAHAHA! I am so glad you posted this we think alike I brought shares last week! Can't wait till it hit $5.50 as expected!
as expected ? who expects it ? Only u i think, lol. This stock is way overpriced and its currently price already factors in revenues of 25% growth for each of the next 15 years. I dont think $5.50 is expected. I think this stock is more likely to see $3 than $5.50. But who knows.
The expected median price is 5.30, to 6.50 on the high end. http://money.cnn.com/quote/quote.html?symb=C
I have 200 contracts of 2012 $7.5 call as a lottery ticket, other than that no. There should be some relief once the feds get rid of their shares by year end, and citi has a large international exposure compared to many of the other us banks.