I was just reading RealMoney's blog on the C annual meeting taking place now. In it they were talking about Treasury using it's voting rights. One of the propsals discussed was a reverse split. Does anyone know about this? I follow this stock very carefully and this is the first I've heard. [more]
I'm heavy into C May 5 calls with a breakeven at 5.33. Am I crazy or brilliant? You be the judge and let me know. Thanks for your time.
This is the time to go heavy into the financials. This was perfectly timed. The market was extended, now we'll get a nice drop. Citigroup will report great numbers on Monday night. The dip buyers come back in. Great time to buy Citigroup 5 dollar May calls at a discount. Watch what happens next month. F the SEC and their BS charge about something that happened in 2007 for a few mil. They are late to the game and everybody knows it. This won't bring the markets down. This will only lengthen the market's bull rush. [more]
I began building a large position in Citigroup when the stock was hovering at 3.20. It is now the largest position in my portfolio. This is a long term hold (2-5) years. I believe Citigroup, at this mid 3 price is a generational opportunity and will continue to add to my position at the current price. Why? [more]