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Eddie Lampert backs up the truck on Citigroup
- Thread starter makloda
- Start date
BAC has always been better.
Quote from Sponger:
Oh, I forgot to mention the Goldman "SELL MORTIMER, SELLLLLLLLLLL" that just came out - this speaks for itself, and could be viewed as a contrarian indicator.
What was it that prevented Goldman from issuing this SELL call weeks or months ago?
Also, Eddie is averaging down a large existing position. He almost has to, don't you think?
Quote from Reaver:
LOL suggest you re-read my post, clown.
Smarter than Lampert? I don't know who the guy is frankly, and don't give a shit.. But there's no guarantee he ain't wrong, and just because some popular trader/hedge fund manager has an opinion of a stock, it wouldn't affect my opinion one way or another...
I trade in a 2-10 day timeframe, so frankly I don't give a rat's ass what he thinks.
How's that?
P.S. I trade Futs, not stocks...I only watch this stuff because it's indicative of the economy, it's entertaining, and my mtg is with countrywide....
you don't have a mortgage do you? i thought you live with mom and dad?
You can count the number of "Sells" issued by the Street on your hands - its a rare thing. Wall Street analysts do NOT issue sell signals - its suicide for the IBs/BDs in regards to future IB business with clients. Everyone knows that when they switch from "buy" to "neutral", thats code for sell.
Even if GS has no business to gain from Citi on the IB side, the fact that GS is issuing a "sell" so late in the game is suspicious. GS may be intentionally adding fuel to the fire to gun Citi lower.......only to buy hand over fist somewhere down the line. They don't call it a Chinese Wall for nothing at IBs/BDs.
And if you think the timing of Wall Street Analysts' buy/neutral/sell signals is criminal, look at the credit rating companies such as S&P, Fitch, Moodys etc - a company defaults on its bonds, and THEN the ratings agencies downgrade the company. Talk about Monday morning quarterbacking...........
Even if GS has no business to gain from Citi on the IB side, the fact that GS is issuing a "sell" so late in the game is suspicious. GS may be intentionally adding fuel to the fire to gun Citi lower.......only to buy hand over fist somewhere down the line. They don't call it a Chinese Wall for nothing at IBs/BDs.
And if you think the timing of Wall Street Analysts' buy/neutral/sell signals is criminal, look at the credit rating companies such as S&P, Fitch, Moodys etc - a company defaults on its bonds, and THEN the ratings agencies downgrade the company. Talk about Monday morning quarterbacking...........