Shorted A Boatload Of Citigroup

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:

Anonymous said...

Are you still long GS?

Tsachy Mishal said...

I unwound the long GS/ short C trade last week. my bad for only mentioning the C side of the trade.

Tsachy Mishal said...

The senate hearing marked the low for Toyota Motors. I am considering reestablishing the GS long.