Today’s Call: Citigroup (C) to fall. Currently $44.20.
Rationale – Citigroup announce a 10 for 1 reverse stock split over the weekend which became news today. Reverse stock splits to prop up per share prices are a desperate and meaningless move by a corporation to make it more attractive.
Result of Call for May 5, 2011: USD Index to rise. Was 73.96, Currently 74.55. Good Call
Calls to Date: Good Calls: 14, Bad Calls: 11, Batting .560