Long Goldman, Short Citi Staring To Look Juicy

The long Goldman, short Citigroup trade is starting to look juicy again. But since today is the last day that the government is selling Citigroup I am a little hesitant to short Citigroup. If the spread on this trade keeps widening over the next few days I might re-enter the trade.

6 comments:

Anonymous said...

I think c runs up in advance of earnings and off the results of other financial results.

could hit 4.5 before July 16

i am long and add to pullbacks

Anonymous said...

I was thinking long C and short BAC.

Praguer

Anonymous said...

Skipped the BAC hedge. Long C for a few weeks.

Praguer

Tsachy Mishal said...

Did you cover BRKB? That sucker just doesnt want to go down

Anonymous said...

I covered Brkb yesterday making less than 1%. My entry point 15 seconds before the close left me a dollar in the hole at Friday's close. The GS comments held it up for awhile, but it finally succumbed during the afternoon today.

Praguer

Anonymous said...

AXN gave back it's 17.5% Friday gain and then some over the past 3 days. Somehow I couldn't jump in front of that 100% plus 2 month gain, but brkb's 15% looked swollen.

We'll need to take the Russell rebalancing more seriously next year.

Praguer