My lottery ticket... Sold Dec 5 put @ 1.3. Max risk 3.7. It it goes to 0, the rest of my money wouldn't matter anyway because this country is finished.
C will be a take-under not a take-over like bsc,wm...etc...The action today was horrendous,sub 5? dont know what stock that has gone under 5 has come back alive.Sub 5 is the death knell.Look at gm.aig,wm etc...Its pretty much over i guess for C.MAybe im wrong but this what has been happening the last few months.It would be incredible.Just last week whitney was saying C to single digits from 13...she was negative on C but didnt want to rip it too bad but she kinda gave the vibe that C was going over a cliff.
Citi will never go bankrupt. They're a major shareholder in the FED Reserve System. No big FED shareholder goes under.
================================= Agree; but that wouldnt necessarily be true for C shareholders. Interesting news on bloomberg.com; they may sell the whole company,todays premarket news.
c may not go bankrupt,maybe chap11 though...i doubt that though but its shares are going to zero in a takeunder according to todays price action.