Yesterday I was surprised by the mysterious low prints in C at 30.33 after they got the $7.5 billion. We all know the story, as I went on and on about it but what happened today? It closed at 32.35 up $2.03. Where did the sellers go?
They were covering their shorts! Which is why I said this:
Citigroup should not be trading at 30.33 premarket. Take some stock from the bears that are sacrificing shares at these levels, in an attempt to "game" the news. You have a free point off of their shenanigans.
It should of given you the "free" money yesterday. Instead it gave you a couple of points today, when the shorts decided to eat their young.
No comments:
Post a Comment