did you even bother to read the previous poster's comments?! This thing has a float that could sink a ship. It's trash. 10x better stocks out there. And looking at what it was previously at and thinking it could go there is rookie stuff.
Any thoughts on this? Dec. 6, 2010, 10:57 p.m. EST Treasury prices Citigroup offer at $4.35 a share SYDNEY (MarketWatch) -- The U.S. Department of the Treasury said late Monday that it has priced an underwritten public offering of around 2.4 billion Citigroup Inc. common stock at $4.35 per share. The offering disposed of Treasury's remaining shares of Citigroup common stock, it said. The proceeds to Treasury from the offering are expected to be $10.5 billion and the total amount of troubled asset relief program funds returned to taxpayers now exceeds approximately $261 billion, it added. http://www.marketwatch.com/story/treasury-prices-citigroup-offer-at-435-a-share-2010-12-06
I worked for Citibank for many years up to the mortgage crisis, which effected Citibank the most. I still believe that they are the best bank to do business with and I have worked for 3 others after Citi. They have enormous exposure being in almost every country in the world. I bought citis shares when it was $52 now that its $4.40 you have to buy, buy,buy because it will go up, its almost guaranteed. Citibank's Jan $5 call for 2013 is a must because I think by then it will be trading at $11
Citi's Chart with ABC Bullish Pattern with Targets... Target1: $4.74 (Dec. 13, 2010) Target2: $5.49 Regards, Suri
I have a nice size position, and all I can say is, I'll be damn proud when this hits pre-recession levels. I feel sorry for anyone whos not in C. When we crack 5, I have a feeling things will get interesting.