Citigroup Inc. (C)

* C remains my favorite bank stock * Though I continue to expect that money center banks will consolidate their recent gains, the intermediate term outlook for the shares of Citigroup and the other large bank stocks remains promising I last visited ...

* We are all day traders now * After covering my short hedges after the close on Friday I am preparing to reshort the markets * But I will give Mr. Market a wider berth than usual before I short An angry mob of momentum investors pulled down a statu...

* I remain bullish on banks * Wells Fargo is attractive * The back and filling I expected last Friday is now happening One of the market issues I mentioned this morning was the appearance and comments of Wells Fargo CFO John Shrewsberry at Morgan St...

Something feels "wrong" about this market.  Mr. Market is remarkably bifurcated, there is insane speculation in worthless securities and the breadth seems "shaky" -- among many other issues. I ended the day much shorter than I started the day. Jay P...

* I can not ignore this unusual shorting opportunity * Most should not follow this strategy because it involves a large amount of risk Over the last 24 hours I have shorted a package of what I view as highly speculative (some of which are essentiall...

"Admitting a mistake is not a weakness; on the contrary, it shows an openness of your heart. It takes guts to say sorry. Only a strong and well-balanced individual with clarity of mind can do so effortlessly. Taking responsibility for your actions r...

* The large money center banks are as close to "forever" stocks for me * However, the recent rise in the sector - and near +10% opening print higher - have been almost vertical and some backing and filling would not be a surprise * Indeed, some cons...

* Banks stocks are extraordinarily cheap today * In 2008 financials represented a record high 26% of the S&P Index, today they stand at a record low (at close to 7% of the S&P Index) * JP Morgan has a large war chest to absorb loan losses Historical...

* The bears' skepticism (and cautious market positioning) coupled with their collective cynicism towards medical and scientific innovation, and the inevitability of the curve's flattening along with an "all in" Fed, have fueled the market recovery f...

Certainly "obvious" in this environment, but I thought this to be a good visual from Citi : This is my chart of the day!

* Making some moves now... I have added to . I am reestablishing long positions in $99.90 and $103.70. I am adding to and .   I covered a small amount of my $303 and $101.30 shorts.

I added to today. My only Long purchase.

Down to tag ends on Papa John's - its been a moon shot (but risk now exceeds reward). I am adding further to , , , and today ( +$0.88).

My only trade today was adding to Citigroup at $42.15.

* The robust level of bank industry "war chests" are being underappreciated by investors * The Banking Industry, as measured by earnings power (before LLP and one-time charges), reserve (and balance sheet) strength and loan diversification are well ...

I am in a dip buying mode now. I remain of the view that we do not retest -- in fact, we may not get close to a test. I bought small (for trades) on this morning's quiet session -- trading around cores. As mentioned I like Goldman Sachs and Citigrou...

I like the way Citigroup and Goldman Sachs are trading. They are in my top 10 individual holdings - though as investments and not trades. They have a "different" and better look in the last week.