A massive squeeze in its entire graphic glory - Citi arbs getting destroyed, with an all time loss of $12 per arbitrage block (7.31 common short/1 preferred long). Question to traders out there: is Goldman stock loan/repo asking for your C shares back? Actually, don't answer... that was rhetorical. But some advice to middle/back office guys: if you get a call from 212-912-xxxx, don't pick...It's not good news.
Also does it strike anyone as peculiar that the biggest financial company in the world is a plaything for market speculators?
All conspiracy guys: what happens if Citi/administration amends the exchange terms? Well, the government will effectively destroy a vast portion of the hedge fund community.
Seeking feedback from valueinvestorclub.com members.
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