Banking Woes continue - stay short!

Problems with global banking giants continue. Citi shares tumbled to below USD2 on Friday. Citigroup is pressing the US government to agree on a new capital injection that would increase the authorities’ stake in the troubled bank to about 40 per cent but stop short of an outright nationalisation. The entire story can be read here
http://www.ft.com/cms/s/0/806418a0-0140-11de-8f6e-000077b07658.html

The other side of the Atlantic RBS is cutting its balance sheet by 25%. The entire story can be read here
http://www.ft.com/cms/s/0/55253388-0125-11de-8f6e-000077b07658.html

How do we as traders profit from this?
Keep an eye on the Bank Nifty in India. It has been trending for the last many months and is still giving great short term moves..long and short. For the unprofessional trader, obviously it is safer to remain short.

Goodbye RBS

Bad scene on the banking front
http://finance.yahoo.com/news/RBS-expects-fullyear-loss-up-apf-14097594.html
RBS shares are battered from 300 pence to 13 pence...
Keep an eye for shorts on individual banks or Bank Nifty index in India as a similar story should/might unfold here....as usual keep lot sizes low and stop losses in place....
Stories unfolding now like Lehman, Satyam, RBS, Citi, Unitech are a clarion call to people of the buy-and-hold long term investor mentality.....who consider trading "risky".....keep your leverage under control and stops in place....and let the 95% people with investor mentality transfer all their wealth to the 5% with trading mentality...