Every single financial that has gone down the drain has offered longs a chance to double or triple their money. BSC, FNM, FRE, LEH, AIG, WM, WB, ABK, MBI, MS, HIG. Is it C's turn now? In AH it was up 15% off the day's low.
I couldn't resist shorting this on the gap up today. Perhaps the double/triple won't come until C drops to $1.
C 10th day in a row down... there will be a short squeeze sooner or later... could be on monday if no bailout on weekend
the current price basically prices in a bailout... not that much tension on Citi CDS? right? someone with an update?
market sort of thin away from current price in C. got 5 cents slippage on stop orders of 2000-5000 shares all the time now
I am currently long on C in the mid 5's . NO matter the outcome, I have no regrets. I strongly support the management and board of directors. They had purchased thousands of shares as a vote of confidence this week. If this sinks or gets nationalized at least they have done what they could to prevent its collapse. Im hoping for the best for them and for me