Citigroup seeks "emergency cash" from U.S. Treasury

Sell the new high, keep playing the edges out of the open....817's.....SELL, SELL, SELL!

 

OK....812's hit....nice!

Next target is 807's for +10 point target.....will have 50% of position covered by 807's if hit.

 

Told ya so. Even Citicorp is not too big to fail. I am beginning to think ET posters are not traders at all.

 

807.50 profit target tagged out......holding last 50% of position now to see what I can get if selling continues.

 

All out and flat 815.00 on the rally.....that is it.....time for some sleep, that was a good open!

 

How much of the new government money did they already spend today?

 

"1st Phase"

At the same time, the Treasury Department is facing a political backlash over the use of taxpayer funds to stabilise the banking sector, and has nearly exhausted the $US350 billion that Congress allotted to the first phase of the industry rescue.