• Hi, I'm the owner and main administrator of Styleforum. If you find the forum useful and fun, please help support it by buying through the posted links on the forum. Please visit ou very popular sales thread, where the latest and best sales are posted, including the latest, updated, very comprehensive, Styleforum Black Friday Sales List

    Purchases made through some of our links earns a commission for the forum and allows us to do the work of maintaining and improving it. Finally, thanks for being a part of this community. We realize that there are many choices today on the internet, and we have all of you to thank for making Styleforum the foremost destination for discussions of menswear.
  • STYLE. COMMUNITY. GREAT CLOTHING.

    Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

    Click Here to join Styleforum's thousands of style enthusiasts today!

CITI Stock - Anyone goin' long??

HEARTLESS-531

Senior Member
Joined
Mar 27, 2010
Messages
532
Reaction score
8
Just curious if anyone is going long on CITIGROUP stock?? Pandit seems to be really hanging in there and trying to deliver. Thoughts?
 

HRoi

Stylish Dinosaur
Joined
Dec 28, 2008
Messages
21,397
Reaction score
10,441
yep, have been in in a big way (at least by my standards) since late last year
 

snesmario

Member
Joined
Apr 25, 2010
Messages
7
Reaction score
1
man i was about to buy back when it was sitting at just $1 but had no money at the time

will buy in sometime this summer when I have more money at my disposal

*I have a friend who bought the stock before the recession back when it was around ~$20, he's still kicking himself in the ass and waiting for it to recover
 

HEARTLESS-531

Senior Member
Joined
Mar 27, 2010
Messages
532
Reaction score
8
Good for you! Apparently, there is a LOT of big money betting on this.
 

melwoesblvd

Senior Member
Joined
Sep 29, 2009
Messages
357
Reaction score
0
greece is going down, citi is going down with it. i hope it gets to around 2.50 again. but realistically i think it will stay around 5 for a few months now
 

Christobevii3

Senior Member
Joined
Oct 8, 2009
Messages
172
Reaction score
0
Why would you buy citi? They sold a lot of their performing assets and their market cap is already "big."
 

rnoldh

Stylish Dinosaur
Joined
Jul 24, 2006
Messages
17,175
Reaction score
3,253
Originally Posted by Christobevii3
Why would you buy citi? They sold a lot of their performing assets and their market cap is already "big."

Obviously unlike Greece, Citi is too big to fail.


At least until 2012 contingent on who their friends in the White House are.
 

vexare

Active Member
Joined
Feb 1, 2010
Messages
29
Reaction score
0
they issued more shares killing current shareholder value, they have tons of debt on the books. Earnings has been low since the crisis, but were good before that - who knows if this will still fly assuming the SEC/gov cracks down on risky practices. You get what you pay for, and you can own CITI for about 4 bucks these days...

TBH the whole market is overpriced and due for a correction.
 

rjmaiorano

Distinguished Member
Joined
May 1, 2007
Messages
2,209
Reaction score
1
Originally Posted by vexare

TBH the whole market is overpriced and due for a correction.


I agree. I see a correction coming quite soon, if we haven't already seen a start in some places.

I'm long citi, got in early this year and more than content to sit on it for years.
 

MrNick

Senior Member
Joined
Nov 5, 2009
Messages
100
Reaction score
0
Originally Posted by melwoesblvd
greece is going down, citi is going down with it. i hope it gets to around 2.50 again. but realistically i think it will stay around 5 for a few months now

Most PIIGS debt is in the hands of Europeans. American banks aren't that connected to Greece and the rest of PIIGS, not like European banks.

Citi is a piece of crap bank, but when you have the backing of the government, they won't fail. I advocated buying their stock when it was around a 1 but I don't see the stock going that much higher in the next few years. They're marking assets at bubble prices like almost every bank now. Eventually that will cause a problem.
 

JesterM

Well-Known Member
Joined
Oct 5, 2009
Messages
45
Reaction score
0
Yeah, was a little late to the party getting in at 3.47 but I'm content to sit on it for now.
 

costadelmar16

Senior Member
Joined
May 28, 2009
Messages
139
Reaction score
0
Been long since the 99 cent range... hoping for some more. Especially after the gov is done selling all their stake.
 

melwoesblvd

Senior Member
Joined
Sep 29, 2009
Messages
357
Reaction score
0
the stock fluctuates nearly 5% in either direction almost daily. just day trade that mutha
 

Styleforum is proudly sponsored by

Featured Sponsor

Most Interesting Fashion Collaboration of 2020

  • JW Anderson x Uniqlo

  • Nigo x Virgil Abloh

  • Converse x Midnight Studios

  • Rick Owens x Champion

  • Barbour x Engineered Garments

  • Adidas x Bed JW Ford

  • Jordan Brand x Dior

  • Billie Eilish x Takashi Murakami

  • Lego x Levi's


Results are only viewable after voting.

Related Threads

Forum statistics

Threads
449,096
Messages
9,721,476
Members
202,909
Latest member
jargo14
Top