I'm buying Citigroup... triple bottom?

Discussion in 'Stocks' started by 4XIS4U, Dec 21, 2007.

  1. 4XIS4U


    I've been looking at this stock's activity and iit looks like a good opportunity for a quick bounce... just looking at the 35 area...

    I follow this guy at Trade For Gain and he's also buying


    thoughts? :(
  2. A triple bottom? You're mad aren't you?
    Three lower lows -that's what you've got here -some might call that a down trend...
  3. lwlee


    Edit: Never mind. Short term I wouldn't play it.
  4. Yep, down to 911 levels now.

    Been trading this thing for the past month. Time to get positions ready to go long for the long haul.

    Going to laugh my ass off when the dividend doesn't get cut, or if it does - the stock doesn't go down (or goes down from higher levels).

    Good Luck!
  5. lol
  6. 4XIS4U


    forestfire, with all due respect, I don't see three "lower" lows..

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1723079"</img>
  7. dsq


    looks like its dying to start trading under 30....probably bounce off 28 before going to 25.... The 30-35 range is 5$ and once it cracks the 30 support it will trade down 5$....thats my recollection of ta principles from the magee/edwards tome.FWIW...
  8. I think it is going to the teens. Then Microsoft will buy them and rename it Microgroup.
  9. I thought BUD would buy them and name it Bus(c)h Citi. Now that's something you can never have enough of.
  10. 4XIS4U


    Now, that's funny to hear all the technical talk -- don't forget that fundamentals come into play sometimes... have you done a valuation for this stock? $5 bucks? really? before it becomes Microgroup it will become CHINAgroup and maybe we'll have a ChinaSoft too...
    #10     Dec 22, 2007