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Market Currents

Wednesday, August 26, 2009
11:26 AM TweetThis
  • Citigroup (C -1.7%) has been testing $5 after March lows near $1, WSJ MarketBeat notes, and pushing through that barrier could make it easier for institutional investors to buy - or make it a lot easier to short. Things could get volatile.

This news story has 4 comments:

  •  
    Well, which is it? Make up your mind already.
    2009 Aug 26 11:41 AM Reply
  •  
    This stock is under heavy manipulation you really better know what you are doing or you are personally going to be financing the government debt.
    2009 Aug 26 11:42 AM Reply
  •  
    Institutional investors are lining up, boy, if we can just get past $5.00.

    Why easier to short?
    2009 Aug 26 12:03 PM Reply
  •  
    Great, just what we need - pumping a penny bank stock that actually ought to be de-listed and put into FDIC receivership.

    Note to the curious: It will be "easier to short" because exchange rules prohibit shorting of a stock that's under $5.
    2009 Aug 26 12:45 PM Reply
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