Quote:
Originally Posted by McDick
Citi going up because analysts lowered Citi's estimate couple months ago. Their estimate was way too low. If you look at the 'big picture', the whole bank sector is really bad. Banks are scrambling to raise billions of dollars to cover their bad debts, and lots of jobs are being cut.
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the irony is, Citi posted worse than expected.
I am fully aware of the losses they are going to face, that's why I have a protective put in place to limit my loss.