Whitney say's Citi will need to write Down a Min of $44-$45 BILLION. and it will get WORSE in 2009.Common shares are near worthless she said.ALL FINANCIAL WILL GET CRUSHED 4th qtr and 2009 that's why Big Institutions NOT BUYING. AND SELL THE RALLIES!!!$3-$4 by NEXT WEEK!!
That is for all US banks you a$$hole
http://www.reuters.com/article/marketsNews/idESBNG40696920081126?rpc=44Here's the link to Whitney's $44 billion writedown comment.
You've got it wrong as usual. Whitney said that $44 billion will be written down in the 4th quarter from ALL banks, not C by itself.
The Ironic thing is that she works for Oppenheimer and they bought over the last couple of monthshttp://www.mffais.com/c.htmlClick on the heading of Fund and it will set it in alphabetical order and scroll down to Oppenheimer and you will see buying. The liquidated some of their positions but bought alot. Also you can click on Activity and you can see that many institions have been buying even below 5.
you're so retarded. things has been changed, you're still sticking on C two weeks ago. Look forward.............
Another owner of puts
how can you keep writing down more than the actual market cap and still keep the common stock as being worth something, C is so sunk..............
don worry the gubmint gonna save C!