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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (21587)	7/28/2009 4:16:48 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71416

OT: Citi - shares are delivered on Thursday: >>>>>>>>>> The exchange offer, announced in February, has made the government Citi's largest stakeholder, holding roughly 34% of the company's shares. Citi's total shares outstanding were expected to jump to as much as 23 billion from the completion exchange vs. 5.5 billion at June 30. Citi's stock, which has hovered around $3 a share for most of this year, has been hampered by the arbitrage trade for much of this year where institutional investors and hedge funds have taken long positions on Citi's preferred stock, while shorting the common stock. Some observers said that the stock would rise once the conversion was complete as the shorts were forced to unwind their positions. But Citi shares closed down on Monday, despite the completion of the exchange offer.

To: ggersh who wrote (21587)	7/28/2009 5:31:06 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71416

I see what you mean - a support originating from 1.3825 (50) early july translates into 1.4000 (1.4025) as of now, or replicating the same move as we saw today from 1.43 to 1.415. It might be helpful to watch EUR / JPY, this one crashed in July when the yen lashed out, and it possibly topped out today again. This is were EUR and pound lost the most.