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CITI Stock - Anyone goin' long??

Discussion in 'General Chat' started by HEARTLESS-531, Apr 25, 2010.

  1. HEARTLESS-531

    HEARTLESS-531 Senior member

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    Just curious if anyone is going long on CITIGROUP stock?? Pandit seems to be really hanging in there and trying to deliver. Thoughts?
     


  2. HRoi

    HRoi Senior member

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    yep, have been in in a big way (at least by my standards) since late last year
     


  3. snesmario

    snesmario Member

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    man i was about to buy back when it was sitting at just $1 but had no money at the time [​IMG]
    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
     


  4. HEARTLESS-531

    HEARTLESS-531 Senior member

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    Good for you! Apparently, there is a LOT of big money betting on this.
     


  5. magogian12345

    magogian12345 Senior member

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  6. melwoesblvd

    melwoesblvd Senior member

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    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
     


  7. Christobevii3

    Christobevii3 Senior member

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    Why would you buy citi? They sold a lot of their performing assets and their market cap is already "big."
     


  8. rnoldh

    rnoldh Senior member

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    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.[​IMG]

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


  9. vexare

    vexare Active Member

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    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.
     


  10. sho'nuff

    sho'nuff grrrrrrrr!!

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


    i hope so
     


  11. rjmaiorano

    rjmaiorano Senior member

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    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.
     


  12. MrNick

    MrNick Senior member

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    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.
     


  13. JesterM

    JesterM Well-Known Member

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    Yeah, was a little late to the party getting in at 3.47 but I'm content to sit on it for now.
     


  14. costadelmar16

    costadelmar16 Senior member

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    Been long since the 99 cent range... hoping for some more. Especially after the gov is done selling all their stake.
     


  15. melwoesblvd

    melwoesblvd Senior member

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    the stock fluctuates nearly 5% in either direction almost daily. just day trade that mutha
     


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