• 14 Apr 2009 at 10:07 AM

What’s The Story With Citi?

By

Rumor has it that significant long preferred – short common positions have been “dancing the corpse” this morning. Also, in the absence of great borrows in the common, a number of synthetic shorts are supposedly floating around out there at 4 and 5 strikes, (though holding any short with strikes this low strikes us as risky) compounding the squeeze effect as the big C heads to $4 and $5 a share.
Whatever the case, Castle Vikula is up over 15%. Go team!

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Comments (22)

  1. 1
    Posted by guest | April 14, 2009 at 10:14 AM

    Count Vikula is definitely putting the big hurt on the shorts by sitting on the SEC filing. I’m sure he is putting in a “floor” for a new equity offering — what the hay, if it is good enough for that bald headed guy over at GS…
    question: is M. Brennan going to work for FoxBusiness or did she just get back from visiting Vic’s secret???

  2. 2
    Posted by guest | April 14, 2009 at 10:14 AM

    Up 15% because they get a cut of the Shake Shack receipts at Shea..umm Citi Field.
    Seems Met fans are coco for cuckoo poops when it comes to Shake Shack burgers.

  3. 3
    Posted by guest | April 14, 2009 at 10:18 AM

    @2:
    Put your helmet on and get back in your cage before you get hurt.

  4. 4
    Posted by guest | April 14, 2009 at 10:19 AM

    This market is more choreographed than the Ziegfeld Follies.

  5. 5
    Posted by guest | April 14, 2009 at 10:26 AM

    I have never heard of this company. Please report on real companies.

  6. 6
    Posted by guest | April 14, 2009 at 10:29 AM

    @5- please try harder to be funny.

  7. 7
    Posted by guest | April 14, 2009 at 10:30 AM

    I bought 100 shares at $4 and sold at $4.30…three dimes is the new killin it.

  8. 8
    Posted by guest | April 14, 2009 at 11:14 AM

    @7 – so minus commissions, you made $10 on that trade.

  9. 9
    Posted by guest | April 14, 2009 at 11:21 AM

    @8, better than a kick in the nuts!

  10. 10
    Posted by guest | April 14, 2009 at 11:38 AM

    @8 – institutional investors normally pay 5 cents a share commission

  11. 11
    Posted by guest | April 14, 2009 at 11:40 AM

    10- if they are chumps

  12. 12
    Posted by guest | April 14, 2009 at 11:54 AM

    @1 which filing?

  13. 13
    Posted by Debter | April 14, 2009 at 12:24 PM

    @ 10: You think 100 shares is institutional?

  14. 14
    Posted by guest | April 14, 2009 at 1:35 PM

    @8 – Sarcasm, assface.

  15. 15
    Posted by guest | April 14, 2009 at 1:38 PM

    All right, I’ll admit it. I’ve been in the business 30+ years and I’ve never heard the expression “dancing the corpse.” I somewhat understand the context, but what’s the actual meaning?

  16. 16
    Posted by guest | April 14, 2009 at 2:31 PM

    @15 I thought the same thing.
    Here’s my take – a lot of activity around a dead body, ie, high volume trading of a stock everybody knows is essentially a call option on the government’s continued intervention.

  17. 17
    Posted by guest | April 14, 2009 at 2:31 PM

    @15 I thought the same thing.
    Here’s my take – a lot of activity around a dead body, ie, high volume trading of a stock everybody knows is essentially a call option on the government’s continued intervention.

  18. 18
    Posted by guest | April 14, 2009 at 2:32 PM

    @15 I thought the same thing.
    Here’s my take – a lot of activity around a dead body, ie, high volume trading of a stock everybody knows is essentially a call option on the government’s continued intervention.

  19. 19
    Posted by guest | April 14, 2009 at 2:50 PM

    @16,17,18
    D’oh. Be patient when hitting “Post Comment.”

  20. 20
    Posted by guest | April 14, 2009 at 3:07 PM

    Wasn’t that a trade Karen Finnerman was talking up over several days on Fast Money?

  21. 21
    Posted by guest | April 14, 2009 at 3:35 PM

    @12 s-4 final

  22. 22
    Posted by guest | April 14, 2009 at 3:59 PM

    @12 see WSJ – C is putting off filing until Friday and probably wont’ have a when issued!

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