Posts Tagged ‘market timing’

Saudi Prince Profits From US Taxpayer Bailout of Citigroup

Monday, November 24, 2008 16:46 No Comments

On November 20th, 2008 it was announced that Saudi Prince Alwaleed bin Talal bought up shares of Citigroup (NYSE: C) increasing his holdings to 5% of the total outstanding shares. The move seemed quite daring at the time as Citigroup’s shares were in freefall dropping 25% in the previous trading day alone (down over 90% [...]

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