Citicorp: how much drop left?

Discussion in 'Trading' started by hii a_ooiioo_a, Nov 13, 2002.

  1. Citicorp fell on e-mail scandal. The guy who wrote them (two years ago, and no longer with the company) has admitted he made fabricated claims in them.

    Today's low was $34.30

    Will it likely continue lower tomorrow, next week? Or is this a good time to buy?
  2. John Q Public

    John Q Public Guest

    What an excellent question! Timely as well. I look forward to the answer.
  3. If you bought at the close you can't lose any more than $35/share. I can almost say with 100% certainty that it will not fall below 0, come hell or high water.
  4. unless you bought on margin