Citigroup officials are lobbying lawmakers and the SEC to reinstate the expired ban on short selling of financial stocks, people familiar with the matter said
via Wall Street Journal News Alert.
Three guesses what this news will do to Citi’s stock.
Related: Don’t Short Me, Bro!
Developing….
another $25B for C, burn the cash machine…
Is it possible to short a human being? I’d like to short Vik Pandit. (Of course, he’s already pretty short.)
Pathetic
Citi is under book value. Time to buy!!
$5 a share is a steal.
There’s nothing wrong with our model or balance sheet…its just those evil short sellers!!
even wideclops didn’t see this one coming.
come on vic, you’re better than that.
Well kids when you learn how to play with your tools the government will give them back to you.
@3-I am sorry my friend, but that is just so wrong making fun of Indian men and their limited sizes.
But feel free to present this coupon for a free upgrade to large on your next slushee purchase at 7-11.
Have to go now, curry is ready!
time for some wideclops swag to go w/ the don’t short me bro mug
@9
come on man, racism should at least be funny
Today’s sign that the Apocalypse is upon us?
Maybe they should stop printing in color all the time and start going double sided on their documents?
Citi is under book value. Time to buy!!
$5 a share is a steal.
Citi is under book value. Time to buy!!
$5 a share is a steal.
what are vp 2008 bonus numbers at citi?
lol
@ 16… is that you, Vikram?
@15 Vik, nobody is going to listen to you here. Take that shit over to Yahoo! Finance.
This company is going straight into the toilet, its a damn shame. Whos next?? I have my money on MS, the Mack atack.
These guys should all be fdoing time for Fraud, yet they reap millions…
Problem is the company is fine, balance sheet fine. This is pure lunacy.
Bringing anybody down in this environment will make Leh look a walk in the park.
@11 – you’re the worst type of racist. Now, go fetch my dry cleaning. chop, chop
@16: Go back to Yahoo finance, then go back to sleep.
C should just be put out of its misery. Its history reads like a chronology of Wall St disasters. Whenever there’s been a crisis, C is front and center. Just unwind the investment bank and sell the rest to Wachargo.
@21
The samething they are saying C, they are saying about one of the big 8 financial institutions.
This can’t continue this way. Its going to get ugly.
@24- Dude the pain will just keep coming.
@26….No pain–No Gain!
@25- which one>
@23 you’re so cool.
@28, 25 here,
They are saying that about all of them! People are speculating when all of them are going down.
Citi about to drop below 5…
Ok so can anyone explain how on earth BAC’s shareholders are gonna accept to buy MER at a PREMIUM? It’s hard to believe [that's what she said]
@31- Your point cliff?
today’s the last day that one Shiti share will be worth more than a subway footlong
http://www.youtube.com/watch?v=WHIo4VruGZY
@32
Not to mention how are wells fargo shareholders gonna accept buying Wachovia at a premium
Why can’t they just ban naked shorts and reconstitute the uptick rule?
Does Wells’ shareholders have to approve the deal still? Why wouldn’t they want us? We got, like, 700 billion of deposits. Isn’t that like getting free money?
I am thinking about buying 15-20 shares for my Sharebuilder account. Good time or should I wait?
short sale ban… uptick rule… its all BS. This is just Econ 101, with a little panic mixed-in.
Now go turn in you 800/mo E-Class lease… party’s over (for a while).
Sure- Shiti will go up… BUT, there is still a long way between $5 and —> $0.
There are better plays out there. I’m steering clear of this POS. Just walk away.
No way tools, Im gettin long all of these names, BAC, C, JPM, GS, all of em. Ill be retired in 5 years
I would just like to take this opportunity to thank everyone who has colluded to help take the markets back to 1990′s levels. It feels good to be able to buy at these prices again.
By all means, take it lower. Dow 5000 sounds great to me! And equities are certainly not the only asset class being marked down to near worthless. It seems no matter how smart we get, how far along the evolutionary ladder we climb, it takes but a moment and a rush of panic to send us right back where we started.
I eagerly await the next round of markdowns.
so much big talk from losers who cant even pay a barbill or have a job.
hahahaha…….back to iowa and porking the pigs you fat losers.
#43 you are a jerkoff. I have a job, and something tells me I make significantly more than you. Back in your cage, better yet go get my shirts pressed
I’m taking a stand, now that my bofa stock is virtually worthless, I’m voting AGAINST (caps for the wharton guys/girls) the mer deal. wtf was kenny thinking? he’s lucky there wasn’t a vote for the cuntrywide deal.
any deal done in this environment should be struck at or below the current trading levels – period! mr. flowers and fox pitt should be ashamed of themselves for providing separate fairness opinions stating that the “exchange ratio” was “fair”. the deals they used in their analysis were jpm/bsc at 0.10x; wb/age at 3.19x; rbc/dain 3.79x; cs/dlj 3.42 and ubs/pw 3.84x. three deals in 2000 (top of the last bull market); one in 07; and bailout. someone please tell me how any of those are “comparable”.
seriously, how can you call a premium of 1.84x “estimated” 9/30 tangible book fair to bac shareholders…wtf? they were getting paid for delivering an opinion to the board, no matter what the opinion. they would have gained my respect by giving the board the painful truth. okay, had to vent – back to work.
@41 – good luck, given the current prices, you can buy the basket and one or two may go up enough to negate the bagel that the others may give you.
@38…its called “Wealth Builder”…oddly…the good news is even if an employee were seriously idiotic enough to want more toxic garbage, that program (mostly for secretaries and first year associates) isn’t discretionary…buy yourself some street meat / dirty water dog on the way home instead…healthier for you
I’ll keep out those dammed Mongowean short-sellers with these shiti walls.
Does this mean that Cuban won’t be able to say anything nasty about Citi on Sharesleuth?
YWCA just did the closing clap on the NYSE…are they prospecting for more tenants — the soon to be sidelined bankers and floor traders? Savvy move…the YMCA team is going to be pissed off w/ YWCA’s chutzpah
Is this the bottom?
@49 – the bottom is when you stop caring enough to ask
45 reads fairness opinions
What is the uptick rule?
jOYIEu Hey, thanks for the blog article. Awesome.
Thanks a lot for the blog.Thanks Again. Really Great.
Appreciate you sharing, great blog post.Really thank you! Great.