Where the BUY pressure will come from as they run out of money trying to hold this thing down.
SHORTY HAS LOST HIS MIND...
This is wound so tight, we could see a $1 UP day this week.
The company is profitable and secretly buying mortgaged backed securities...me thinks they will not be taken over, and the hedge fund gamblers who thought C was about to be flooded with a lot of shares from gov't conversions, are SOL and will step up to the plate and cover large in the next few days.
Buy here, and for at least a couple weeks, HOLD.
no haps..C is in a basing bull flag formation, that will break strong one way or another. It will move with the sector and so, will likely break UP. So that aside, there are known hedgies trapped here from lower levels short. The decreasing volume during consolidation is bullish. Now that everyone knows the extent of the "trappage", to the tune of ONE BILLION SHARES...well, the next pop will have a snap and crackle following it!
$1 UP day, very soon indeed.