Princeless at Citi
By Steve Abraham on Nov 02, 2007
10 Responses to “Princeless at Citi”
It will be interesting to see what the stock does since the WSJ is reporting it will be writing down billions more in losses. The financials are so weak right now that it is very concerning for the overall economy and stock market.
glad you arent managing my money. i guess you didnt say when it would pop.
short mer and c, long ntrs, gs as pair trade
Keep in mind, buying C was a risk/reward play just like any investment. If you want guarantees then I suggest buying a cd that yield 4%. By the way if I was managing your money, you would be up over 100% this year. Thanks for the note.
The comment posted above was from me, Steve Abraham.
More than anything, the stock will plummet for a day or two. These kinds of bad press scare people. Wizetrade showed a definative trade that day. I profited like crazy.
It’s no surprise that consumer’s hate citi bank just as much as they hate the CEO. So I don’t even concern myself with that. Wizetrade gives me more than just HEADLINES>
When I heard this news, I got in before the news caster could finish saying resign. I pushed 50 stocks. Thanks FOX News.
I just don’t trust this stock. They seem kind of “murky.” What do you all think? I think I need to keep a tight stop with wizetrade.
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What makes you think it will pop? I was actually looking at some banks to short for next week. If you look at WM, MER and C, you can almost interchange the chart patterns. You think the worst is over for the financial sector?