Monday, April 13, 2009

Second wave

7:35 a.m.
Citigroup powering through 3.50. Remarkable.

After laboring through 3.45 for a better part of the morning (well, it's 1:35 p.m. in NYC), C is blasting off again. So is WFC, which slid back after gapping down and pushing up (and slipping to 19).

Still watching GS, BAC and LVS. My long-term wish list includes AAPL, but it's up to 120 again. GS earnings report before the bell tomorrow sets the tone. Even if Goldman announces dilution (to raise funds to offset TARP), C might not get hit hard; Citigroup has already announced plans to reverse split the stock, so there won't be any further (proposed) dilution. It's already factored into the stock price.

No comments: