High Frequency Trading: Can Any Stock Replace Citigroup?

All those stocks you mentioned, along with a few dozen others going back to the early 2000's (ENE, WCOM, ERIC, etc.) did trade in the same way as C. The only difference is all those symbols, just like ALU, S, SIRI, etc. today, didn't trade volume even remotely close to that of C. So yes, traders will move onto other symbols, but it "will never be the same." C was one of those once in a lifetime opportunities. I think most of us who trade it for a living knew that sooner or later it would come to an end...

I'll be taking a slightly different approach and starting a petition against the Citigroup reverse split.

Quote from EPrado:

You do make good points...float is obviously huge. Right now S or ALU aren't even close to it. But once C splits it is possible that all these guys go elsewhere. They aren't gonna just stop trading. If you get enough traders involved they can turn another low priced stock into a C type trade. I don't think you can really compare the likes of ALU and S right now to what they might become when C splits. These guys have moved before...AIG...FNM...FRE...I guess we'll see in the beginning of May.

What these guys should do is just load up on puts on C....stock is gonna get clobbered when it splits. You can't turn a crap bank into a good bank by changing the price.
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Quote from Marc to Market:

All those stocks you mentioned, along with a few dozen others going back to the early 2000's (ENE, WCOM, ERIC, etc.) did trade in the same way as C. The only difference is all those symbols, just like ALU, S, SIRI, etc. today, didn't trade volume even remotely close to that of C. So yes, traders will move onto other symbols, but it "will never be the same." C was one of those once in a lifetime opportunities. I think most of us who trade it for a living knew that sooner or later it would come to an end...

I'll be taking a slightly different approach and starting a petition against the Citigroup reverse split.
More...

True...probably won't be exactly the same. But there will be other opportunities elsewhere. There always are.

C will probably get their wish in May when institutional money comes in to get short a ton of stock.
 
those of you trading for microscopic rebates are not traders at all.

the good news is, cab drivers are always in demand
 
Quote from stock777:

those of you trading for microscopic rebates are not traders at all.

the good news is, cab drivers are always in demand
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Nah...those guys aren't traders. Real traders spend all day on this site and have over 12k posts.

A guy like you would kill for a HFT trading gig with a fund.
 
cab_driver.jpg

"I used to trade 7 million C a day, then it split the wrong way. But I make almost as much now and I get more fresh air"
 
they have to take the blinders off people need to be traders again, anytime i would tell them they aren't real traders they would take offense, one HF trader ask me whats going on with ABK before it went belly up, i told him MGS and NMR were buying.... he told me what does that mean ..... HEAD SMACK




you can't make this up
 
Quote from EPrado:

Nah...those guys aren't traders. Real traders spend all day on this site and have over 12k posts.

A guy like you would kill for a HFT trading gig with a fund.
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Very funny ZING!
 
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