The Paulson Pop

Shares of Citigroup are higher on news that John Paulson has amassed a position. Those who followed Paulson into Bank of America after his last 13-F are sitting on a loss while the broader market is up 10%.

3 comments:

Anonymous said...

We discussed this before.

That's because people trading on Paulson 13-F's or whatever are 1 month late. He bought and sold those before the news was released.

It's like watching a star a billion miles away. We're not seeing the star, we're just seeing the light.

Onlooker said...

Ha! Good analogy anon. It will be interesting to see just how he dealt with his BAC position. Whether he sold to the lemmings who tried to follow him into the trade. If nothing else I'd think that he substantially trimmed his position during that rally. Suckers

Tsachy Mishal said...

He did trim the position but not a great deal. It does seem he sold to the people that were hyperventilating that he was buying