Monday, July 19, 2010

Paulson & Co. Adding to Citigroup Position? (C)

UPDATE: BOHICA: "Treasury to Sell 1.5 Billion More Citi Shares" (C)

That's what Times of the Internet is saying:
Citigroup, Inc. (NYSE:C) Calls Active On Paulson Speculation
Citigroup, Inc. (NYSE:C) calls are active on speculation that Paulson & Co. has been adding to their position in the New York City-based banking behemoth.
Citigroup is recently up 13 cents to $4.03 on speculation that John Paulson’s hedge fund, Paulson & Co. purchased more C shares.
Call option volume of 333,000 contracts compares to put volume of 166,000 contracts...
We have a lot of posts on Citi. Use the 'Search blog' box, key word Citigroup.
Back in March we posted:

Who Scores Big on a Move in Citigroup? John Paulson, Bruce Berkowitz, George Soros; the usual suspects
A quick hit courtesy of GuruFocus' database.
Major holders of Citi:

John Paulson

Bruce Berkowitz
NWQ Managers

David Tepper