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Citigroup Inc. Message Board

  • toowan12 toowan12 Nov 23, 2008 3:42 PM Flag

    Citi defeats short raid

    Here are the shorts problems with the Citi raid:

    1) There is no bank run. Citi's customers and partners are staying put. And Here's a Real (not a fictional) News Flash - Citi has plenty of reserves.
    2) Citi is well reserved and has trillions in assets. Citi is a way different deal than the investment bank targets the short raiders attacked previously. The unregulated reserve ratios of the investment banks were scary and since there are no investment banks left one might conclude the model did not work. The regulated bank is a completely different model and requires plenty of reserves. Citi is a regulated bank with way more reserves than the IBs that failed due to insuffecient reserves.
    3) Three and three is a biggie - the SEC meets Monday for an EMERGENCY session and will be banning short activity.
    4) New Treasury Secretary, Geithner, is huge for the banking industry and understands the importance of healthy viable banks.

    What do I see for this week's special Thanksgiving recipe boys and girls?
    1) 1/2 Cup of SEC Brand Short ban
    2) 1 Cup of SEC Uptick rule
    3) 4 Cups of Massive short covering
    4) 5 Cups of Massive long investments
    5) 1 TBSP triple witching options
    6) 2 TBSP Fed statement, "We will support our vital financial institutions"
    *Bake for 2-3 days and recipe should render $8-10/share.

    jmho, Happy Thanksgiving to all Americans, we deserve it. Watch and learn. The truth is out there.

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