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Citigroup Inc. Message Board

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  • robchadwick robchadwick Dec 17, 2009 2:02 AM Flag

    The very definition of a short squeeze tomorrow...

    "And according to Fast Money sources it's 17 times oversubscribed." Come on -- one blip in "Fast Money" & you believe it? sheesh.

    The offering was 17x oversubscribed before it was even priced? I don't think so.. that's absurd. The government cancelled the sale because of flack on the IRS tax cut? I think it's far more likely they cancelled the sale because of lack of demand.

 
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