A diary of the thought process behind my investment decisions
Nice Trade Uncle Sam
When the government received its shares in Citigroup the stock was trading at roughly $5 and the government was sitting on a 50% profit. Today, the stock has broken down and is trading at $3.88. If the government chose to sell its $30 billion stake they would likely have to give a discount that eats away their entire profit. The longer they wait the less money they are likely to get. I suspect they will ultimately sell at a loss. Nice trade Timmy.