A short squeeze worthy of the name should be able to push Citi up to at least 13.50, a midpoint resistance mentioned here earlier that comes off the weekly chart. If such a scenario is going to play out, it would likely be in conjunction with some pseudo-momentous announcement arising from this weekend’s economic summit. As a longshot speculation, let’s bid for some December 12.50 calls (CLZ) — 1.01 for two of them, day order. They should be in reach today with the stock trading around 10.24. That’s the Hidden Pivot midpoint of the down-pattern begun on 11/10 from 12.28. _______ UPDATE: My apologies, for it was January 12.50 calls that were intended, not the Decembers. In any event, no bottom-fishing should be attempted until the stock itself comes down to the 10.24 target. If you bought December calls on the opening for 0.81, I’ll recommend selling them now for a small profit — the current bid is 0.90 — so that you can get a fresh start at the even better price I’m expecting. _______ FURTHER UPDATE: Dump any calls bought with the stock at 10.24, since Citi may be going into its death dive. Not only was the minor HP support at 10.24 obliterated, but also another at 10.16 that comes off the weekly chart. Perhaps this is a response to the wanton recklessness of Paulson’s latest excuse for a bailout. In any event, it is clear that the Captains of Finance have completely lost control of the U.S. financial system.