Citigroup report earning on Friday, record earning will tank this stock 15%. If they failed to report good earning, it will tank 50%. I am not going to hold this stock
I cannot see how they don't make money! They got %0-%0.5 from government, they charged consumers arms and legs from interest.
GS also announced they were going to raise $5 Billion in capital to pay back TARP by issuing more shares.
Yes, that's the stock sale they announced. The sold under market price, tanking shares.
GS tanked because they announced a stock sale. The market doesn't care about great news when it's announced with horrible news.