Clear Trades

I sold off my Citigroup speculation this morning at 1.45 per share. After we didn’t see any improvement or positive news over the weekend I decided it was time to let this one go.

I still expect to see a short-cover rally (there are 182 millions shares short according to shortsqueeze.com), but there is probably plenty more downside before that will happen.

Realized a loss of -$134.02, for a return of -15.73%.

C, Sell

I bought 500 shares of Citigroup (C) this morning, purely as a speculation of course. I didn’t read the news as being quite so bad as the stock seemed to show with its reaction, but I’ll be keeping a tight stop on this as I certainly can’t say I have much hope in a company like Citigroup.

Buy, C