Bank earnings are out and there is nothing to write home about. STI which I shorted most of yesterday is up a bit. STI sold their KO position to raise cash, they've owned that position forever. MER selling Bloomberg stake too. When the banks start looking in the attic for "things to sell" because things are so bad it has a tendency to scare the crap out of me. I think Citibank has some lawn furniture going today, the sale starts around 10 am over on Third Ave.
Tuesday, July 22, 2008
Messy
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
1 comments:
"...sale starts around 10 am..."
does that mean you are looking to short Citibank at 10 am?
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