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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (30270)3/7/2008 11:12:36 PM
From: Kevyn Collins-Thompson   of 78744
 
> Do you have a projected bottom for Citibank?

Not really, unless you count the possibility of zero :-) My seat-of-the-pants guess is 10-15 and I expect to close out the short position sometime in the next couple of months. But all I can really do is keep watching their balance sheet as the unwinding progresses. Also, try to examine what the effect of ratings downgrades and any other cascade effects might be. And listen to what my spies on Wall Street are saying :-)
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