The author has to stop sniping at Pandit. Pandit has done remarkably well, and I don't see anyone who can point out to specific actions to criticize. Mostly just whining.
Dilution, Infusion and Collusion: Push Stocks Higher! [View article]
I am afraid the author's article reads like a case of sour grapes - is he actually upset that a major financial crisis was averted, and that in response the financial sector is up 25% or so? Maybe he wishes he had advised his clients to do so and would like another opportunity?
So long as investors such as yourself and many others are hoping for C to fall below $20, so they can grab some shares at a reasonable price, it cannot fall to that price. Its only when people panic about C going under, that you can get it at that price. The panic of C going under is now over. Investors are ignoring Whitney's direst predictions and jumping in - I think the market is saying something here.
Its only at times like these that you are able to buy an institution like C for $25. For those who would have rather bought it at $12 as Whitney promised (so would I have and I did keep some firepower available), its likely to be an unfulfilled wet dream. So the real question is, with all its problems, are we going to be able to see C below 20 or should we plunge in now. For those with no positions at all, it would be advisable to at least nibble.
Which Has a Better Risk/Reward Ratio - Citigroup or Cell Genesys? [View article]
This article leaves one wondering if the author is truly naive to believe that one can hope to purchase C at $11, or if he is being disingenuous. And comparing it to a biotech hopeful!
As Mr. Cramer says, if C ever does get to $11, too many folks will be backing up the proverbial truck. Or perhaps way before that.
Oppenheimer’s Whitney Cuts U.S. Bank Estimates - Again [View article]
Whitney has been the most pessimistic and most correct of financial analysts so far, but she could easily be ignoring the fact that the sector may turn before the worst headlines. Of course, she thinks they will get even worse, but then she has had to revise estimates 30 times (you'd think she would get to a point after a few tries, where it would not be necessary to revise so often). She might have to revise estimates once again one of these days - upwards!
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Citi's Dreadful Succession Planning [View article]
Dilution, Infusion and Collusion: Push Stocks Higher! [View article]
Digging into Citigroup's Numbers [View article]
Citigroup's Flush [View article]
Which Has a Better Risk/Reward Ratio - Citigroup or Cell Genesys? [View article]
As Mr. Cramer says, if C ever does get to $11, too many folks will be backing up the proverbial truck. Or perhaps way before that.
Oppenheimer’s Whitney Cuts U.S. Bank Estimates - Again [View article]