Citigroup (Symbol: C) closed at $7.71 on Dec 5th, 2008. Can this stock of this mega company go back up to whence it came or at least to $20 a share? I'm not good on the fundamentals and I'm mostly a day trader so I couldn't say if it will or will not. But one thing I can say that it seems to be a good price. Please I'm not giving a buy recommendation. Actually, I've jumped in at $5.89/share and holding for long term. Is this a gamble? Maybe it is but to me I have nothing to loose and much to gain.
It seems like the insiders are beginning to jump in again. Read this MarketWatch article:
http://www.marketwatch.com/news/story/citigroup-execs-buy-large-chunk/story.aspx?guid=%7B9A098627-13F2-4ABD-BABC-6CCAAD141B5F%7D
Happy trading!!
1 comment:
This is a great blog and I'd like to Post a Comment
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Regardless of what you hear, there is people getting tons of cheap money for personal use, businesses, buy homes, pay off debt, investing, and more. These people have done the research, just like I have. Bailout is for YOU
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