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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3069)11/7/2007 8:10:33 AM
From: The Reaper  Read Replies (1) | Respond to of 6370
 
What's a few $Billion amongst friends? Let's see if the market shrugs off this latest $39B confession from GM. If S&P rallies off the opening flush for the rest of the day, I may have to close out shorts. I get the feeling that the stock market is being used as an inflation hedge as are oil and gold (up $20/oz. already today).



To: RockyBalboa who wrote (3069)1/2/2008 5:18:04 PM
From: RockyBalboa  Respond to of 6370
 
C is now below 30 and I am scratching my head.

Citi must act now. This is the time to confess all the credit losses, axe some business lines and do away with another bunch of employees. Citi must resize to avoid oversupplying a shrinking customer base.

The stock price will also resize. 40 and 30 was no match. $20, next try. At the current level there are no complaints from stockholders yet.


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