Both have increased there holdings despite conversion announcement. They would be diluted just like us...Seems insane to waste what could be the biggest short squezze ever. They stand to make enough money of a squezze to finance a buy.
It dosn't matter when the whole puking market is going down.
True, but the fact is C has spiked every month and hit Max Pain. This month is triple witching, which could increase volatility.AS far as JPM and MS, C has to be attractive at under 15.00.. Jeepers, Bear Sterns went for 12.
You still never answered me on how c gets to $30 a share. Please provide net income numbers to back it up and how they accomplish this...also a multiple you would give the shares...and the shares outstanding
10 to 1 reverse split would do the trick. Wouldn't make me happy.
That was just being a wiseass to you, but history has proven that these banks fly back to higher highs after crisis's.My longest leap is 2011 at 2.5, paid .88 for 1000 contracts. The way my June's are looking they might be my safety net
It won't get that high ($30). But it will get 3 bucks, after the conversion and the RS that will follow. That will be a 1-to-30 RS, applied when the PPS reaches 10 pennies!
CHECK MFFAIS TO, it is a bit more current. Aslo Prince owns 5% of stock.Citi's announcement is odd. It would have been clearer if they stated they are converting all the preferreds. Plus there is still a shareholder vote.