Comments on: Coming Soon: Citi Bailout V 4.0 http://www.aleablog.com/coming-soon-citi-bailout-v-40/ Alea Jacta Est Wed, 03 Mar 2010 18:43:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: xtreeter http://www.aleablog.com/coming-soon-citi-bailout-v-40/#comment-2636 xtreeter Wed, 11 Mar 2009 15:15:59 +0000 http://www.aleablog.com/?p=2864#comment-2636 I recently took a long position in Citi's Global Sub Nt, at costs from mid to high 50's. My rationale is: A) Reading the body language from our government, there is no way in hell that Citi will be allow to fail in the "near future". With time, I could gamble on the news flow/sentiment swing in my favor. Hopefully with it will bring higher prices. B) In the event that a government assisted/sponsored restructuring is offered, there is a strong chance that 60s will be the initial offer (using the initial GMAC restructuring offer as a guide). This would pay off my speculation since my cost is in the 50's. What do you guys think? I recently took a long position in Citi’s Global Sub Nt, at costs from mid to high 50’s. My rationale is: A) Reading the body language from our government, there is no way in hell that Citi will be allow to fail in the “near future”. With time, I could gamble on the news flow/sentiment swing in my favor. Hopefully with it will bring higher prices. B) In the event that a government assisted/sponsored restructuring is offered, there is a strong chance that 60s will be the initial offer (using the initial GMAC restructuring offer as a guide). This would pay off my speculation since my cost is in the 50’s.

What do you guys think?

]]> By: sc http://www.aleablog.com/coming-soon-citi-bailout-v-40/#comment-2624 sc Wed, 11 Mar 2009 00:48:49 +0000 http://www.aleablog.com/?p=2864#comment-2624 I'm sure they are marking their 800bn+ debt to market and calling that a gain... C is worth 0 (less actually) and when they shed enough businesses that FDIC can't run, they will take it down. Today was a wicked short rally after Vikki saw WFC and BAC jawbone their stocks higher. The pref short had a lot of followers and Barney Frank didn't help anyone with his impeding uptick rule idiocy. I’m sure they are marking their 800bn+ debt to market and calling that a gain… C is worth 0 (less actually) and when they shed enough businesses that FDIC can’t run, they will take it down. Today was a wicked short rally after Vikki saw WFC and BAC jawbone their stocks higher. The pref short had a lot of followers and Barney Frank didn’t help anyone with his impeding uptick rule idiocy.

]]>