I shorted a boatload of Citigroup at around $4.78 this morning. At current prices the governments stake is worth about $37 billion. That is a lot of merchandise to move. It is hard to see what the upside in the stock is as long as the government is selling.
3 comments:
Are you still long GS?
I unwound the long GS/ short C trade last week. my bad for only mentioning the C side of the trade.
The senate hearing marked the low for Toyota Motors. I am considering reestablishing the GS long.
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