I plan to sell slowly $4.50 and better but still plan to hold 25k for next 2 yrs.Hope to hit $7 by that time?
i'm not giving you advice here, but if keeping 25K shares is your long term goal, i'd just dump the 51K now and get that cash trading elsewhere now instead of trying to make a few cents hoping it goes to 4.50 or better. long term plays are buy and hold, check once a month, and wait until your exit point hits. unless you are scalping your 50K in shares (which isn't a bad idea right now) churning it over 20 times a day (i do hope you're using a prop broker at high leverage with a decent commission rate), it makes no sense to wait for something that might not happen for... almost had me guessing there. lol. good luck.
Here is Citigroup's Daily Chart with Price/Time projections. Citigroup is currently at key resistance ($4) level. Breakout above $4 with higher volume may set the targets to $4.75 (62%AB) and $5.50 (100%AB) Regards, Suri
i'd have to agree with that. if it breaks, what, 5.07, it's off to the races. 7 could be next. i'll take that bet.