Screw me once, shame on you. Screw me twice, shame on me! Common shareholders are always taken to the woodshed and never return he said, as the government prepares to redistribute Citigroup from ownership by ALL Americans to ownership by the longs here!
The government will get out in this price range and the rest of you will suffer a 1 for 10 REVERSE SPLIT and be shorted to absolute zero. At which point, Citi does a prepackaged bankruptcy where assets will be split among the remaining investment banks with GS leading the charge.
The R/S is all but off the table unless there is a buyback+R/S plan imo. The filing indicating the R/S was made at the bottom of the recession and has been sitting idle as a safety play in the event things moved further south than anticipated.
Vikram has indicated that his next target is increasing value for shareholders through things like buybacks. I forget the exact wording, but google it and you will find it.
This stock has behaved this exact way on positive news for over a year now; dropping before rising again. Anyone caught in this has not been following this stock long.
In short, thanks for your opinion, but I beleive you are wrong in this case.