Citigroup Inc (C)

[aharfo56]

I can't imagine a bank like Citi using a R/S as a ploy to get shorts out...that's really playing with fire, and though the past few years have shown just how low these companies will stoop to make profits (on paper, anyway), it sounds unprofessional at best and criminal at worst (but we are talking about Wall Street, right?).


I still think the next real surge will come with the uptick rule & M2M standards being added and altered respectively. Also, once the auctions of MBS begin in earnest (and with good result), then a recovery could be confirmed. Problem still is mortgage prices and underemployment + unemployment. However, if these firms start doing well, they might call people back or hire new people.

I'd just hold and have a limit sell order in for now...I'm in ABK for now...hope Citi rescinds the R/S and dilution and everyone walks away happy.