Just announced on Kudlow M2M to eliminated and/or modified for Q1. The sky is the limit for the banks including C.
Add to this return of UPTICK RULE next month and shorts will finally get what's coming to them. Their days of complete market destruction are numbered. Last one to cover is a fool.
With M2M changes C should be valued at 20$+. Citi will be there in months!
Price started climbing instantly on this news!!
This will boost Citis profits.
This should also help the stock price!
Did I miss this news? Link?hero
C will benefit the most since they have written down the most and they have basically sold nothing. Expect C to be above 5 soon. It is also possible C will cancel the prefereds conversion. C will hit 8 if that happens!
Thank you for the heads up.I wonder how many people on this board understand how significant M2M is.
Enlighten us with your take
Are you sure?I am at work without a television near.I hope you are truthfull.
Take it to the bank, and C is the bank you can take it to. Just announced on Kudlow and everyone thought it put the banking system in much bette shape. Long overdue.
Banks will be higher on this news. C @ $5+ by end of week.
The bank stocks ara gonna skyrocket (double or triple) in early April once they approve the changes on the 2nd then when the banks report 1st quarter earnings in mid April.
Ok I have heard different versions of how M2M can help stocks or how it may not help as much, especially financials. Anyone care to add?
Any change to M2M that wouldn't be beneficial to financials would be useless... They are trying to turn around financials with this...