NO LONGER PRINCE OF THE CITI?
The headline: After Citigroup (C) Leads Market Slaughter This Week, Board Calls Emergency Meeting This Weekend: WSJ.
Karen Finerman believes if Chuck Prince leaves the company, the stock will bounce, short term. For a trade she recommeds being long Citi through options.
Tim Seymour thinks Merrill (MER) is being vilified for being more transparent than other brokerages. He bought Merrill Friday and plans to sell on Monday.
Jeff Macke says the problem isn’t solvable over the week-end, but he thinks savvy traders can play the financials.