More Thoughts On Citigroup

  • We are in the midst of a crisis. The government really should have waited until the crisis passed before selling additional shares of Citigroup. This supply does not help matters.
  • News hit that Bill Ackman bought 150 million shares of Citigroup. So now Ackman, Paulson and Berkowitz among other savvy investors own large positions. Who is left to buy the next $20 billion?
  • Do I like being on the other side of these savvy investors trade? No, but I like being on the other side of a $20 billion sell order even less.

1 comment:

Anonymous said...

I would gladly short C to Ackman, Paulson and especially Berkowitz.

Look how Ackman did on TGT!