Covered Citigroup Short

I covered my Citigroup short. The government is going to stop selling for the month of July due to earnings. I would use a pop during July to short again.

Some readers have asked me about buying the stock. It could work but its not a trade I'm interested in. Sentiment is way too positive on the stock as everybody thinks they are getting a bargain because the government is selling (It might be true but the government will be selling all year). Also if the stock goes lower I would be forced to take a loss before the government started selling again in August.

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