What happened to the follow through?
Investors are bidding shares of Citigroup (C 2.14, +0.19) more than 9% higher. Shares in the financial services giant are garnering interest amid reports that the government may convert its preferred shares in Citi into common shares. Citigroup's advance lifts it off multiyear lows, which were registered last week amid rising fears that efforts to nationalize banks could be focused on Citi. This morning's early movers include: Trading hiher: NCX +307%, FITB +35%, UAUA +17%, F +16%, BAC +16%, CAL +11.1%, DRYS +10.3%, LVS +10.3%, C +10.2%, AMR +10.3%, STI +10.1%, GRMN +10.0%, EXPE +9.6%, DAL +9.2%.... Trading lower: HUM -16%, UNH -9.7%, UBS -9.5%, WLP -5.8%, STX -5.2%, SLW -4.8%, MT -4.6%, GG -4.2%, X -4.0%.
I got a feeling this thing is going to rock later
jmho |
