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C - Still on the NO BORROW list
I checked again today on the status of C and the ability to borrow the stock. No dice. The response from my broker:
There is currently "no borrow" on C common. After the 30th, when the new shares are distributed, it should return to GC. The last time we approved shares was probably some time in June.
It is amazing that 1.1 bil shares can trade hands and there is no ability to borrow stock in order to be short or fund a position. As indicated, this should all be resolved by Friday. A bet on 2 bil shares for that day?
It should be noted that for more than a month now the largest private financial institution (by assets size) in the US has had a completely cocked up float in its common shares. Maybe there is something ‘green’ to this. It doesn’t instill confidence in me.
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Citigroup 9 dlls in 12 months. How about that. I am long in c at 2,28 average. They will be a money machine on 2010. It will be scary.
Citigroup 9 dlls in 12 months. How about that. I am long in c at 2,28 average. They will be a money machine on 2010. It will be scary.
Why not sell some naked ITM Calls and take the short assignment?
No wonder the market is up. I mean come on. Here is how the big boyz play.
1. No financial shares to borrow.ie C.
2. Brokers recalling short positions whenever they feel like it. Handing traders nice losses.
3. Brokers not carrying double or triple short ETF's.
Even a lion is a kitty cat if you take away his claws and teeth. I wonder how long the administration can keep this up?
Still got my 20 dec 11 spy puts. I will ride them till the end.
I'm with you there. Buy all the time you can get, so the shenanigans don't matter. SPY could be 15 by then.
You see how someone dumped 151M shares of C today after the close? Thats 15% of the days volume in one shot....
Maybe someone BOUGHT the shares, because the price actually went up during that 150M share transaction at the end of the day.
i want to know how the common w/i spread closed and every conversion/reversal in the options collapsed if nobody could short the stock?
woke up in the morning, got to get my gun, and my mom has told me, ...
haaawww, come on, u still wondering if the market is rigged and in favour of who??
We r all playin in a Mafia run casino, here...THEY can count the cards, don't let'em see you can as well or you'll be in for a desert ride...one way.