Another extremely educated ET post. Do you have any actual basis for this or are you just throwing numbers around. I think C is going to 52,000 next week. This board is unbelieveable.
The OP is basically flat after 3 months. I am opening a position now too. Look at today. Nearly 1 billion shares traded and hardly a move. This thing has been range bound for months. Why? The gov't is still unloading their massive position in an orderly fashion. Once their selling stops I bet we see this in the double digits in 2011. Too much selling pressure right now. $4 will be a bargain when this thing goes up. It certainly isn't going to go down and languish there forever.
do you understand that $11 will represent 50% higher market cap comparing to 2007? do you really beleive bankrupt company can cost that much?
Citibank has so much debt thats off the balance sheet. In addition, its price of around $3.85ish means its got yearly revenue increase of 15% for 25 years already priced in. Why should this stock go to double digits ? Somebody give me a reason. I'd actually love to buy but I dont see a reason to.
Proud to announce that I bought 520 more shares of C the other day. Holding a nice size position. Now if we can just get to 60.00 . I've already been holding this for a year, hell, whats another year or two.