Watch Citigroup
This is stock market entertainment. It’s like some kind of freaky side show going on. It’s like a train wreck or a pile-up full of people you hate. Look at the high volume. It’s like every trader ran up to Pandit and delivered a swift kick to the happy sack. From this announcement, though, it’s clear Pandit’s pair is solid steel.
I decided to one-up my stupid Ford bet by buying a covered call on C. Once again, I’m betting on a yet unimagined bailout. Once again, my risk is less than the profit I took on day trades the day before. I start losing money at 2.46. My upside limit is at the srike price of 5. That’s 2.54. I’m going to have a whole portfolio of bad stocks by the time this is over.
Oh, and the market is down right now. Interesting…
