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View Full Version : Is Citibank a good buy here?



pefjr
03-09-2010, 11:39 AM
Looks like it is starting to climb, and it has a long climb back up to 50. But another good omen.

http://finance.yahoo.com/echarts?s=C#chart27:symbol=c;range=5y;indicator=vo lume;charttype=line;crosshair=on;ohlcvalues=0;logs cale=on;source=undefined

Popeye
03-09-2010, 12:50 PM
nope , due for a correction

sell in may and stay away

pefjr
03-09-2010, 01:03 PM
nope , due for a correction

sell in may and stay awayThere is only 1.25 billion short shares( mother of all short sales), so you can join those sleeping speculators if you like. Imagine the rush to the exit when the stock hits $5. A Tsunami wave is a nice wave to surf. That kind of short squeeze hurts.

Popeye
03-09-2010, 01:10 PM
you mentioned a 'buy' in the thread title

assuming you want a position ..

pefjr
03-09-2010, 01:18 PM
you mentioned a 'buy' in the thread title

assuming you want a position ..low risk, high potential gain @ current price. = good "buy" ??

Popeye
03-09-2010, 02:28 PM
i would feel out what the speculators are saying , word on the street

and do the opposite of a martha

pefjr
03-09-2010, 02:42 PM
Good advice. These short sellers have to buy back. The stock is rising on high volume, 800m yet today. The question is : How long will they hang on, before running for the exit?

Popeye
03-09-2010, 02:44 PM
These short sellers have to buy back yup , baby needs new shoes

trick is to pick the 'low'

i would wait or risk getting burned .. bad

pefjr
03-09-2010, 02:47 PM
I think the low has been put in and the shorts are sound asleep, I can hear them snoring. Some have set an alarm at $5.

Popeye
03-09-2010, 02:49 PM
alright already , i'm looking at your play

where is donn with his big technicals ?

hokiefan
03-09-2010, 03:50 PM
Can't help you with today. But I'm tickled to death that I got out of this one in May '08 at $26. Would love to say I was smart enough to get out at $50, but that wouldn't be the truth now would it.

Cheers,

Bobby

pefjr
03-09-2010, 04:09 PM
Can't help you with today. But I'm tickled to death that I got out of this one in May '08 at $26. Would love to say I was smart enough to get out at $50, but that wouldn't be the truth now would it.

Cheers,

BobbyIt's gonna be interesting. Closed at the high of the day and with over 1B shares.

davidagage
03-09-2010, 04:26 PM
Of course C is gonna go up, It has to, after all, I sold my shares 2 days ago. I live by the buy high sell low method..works for me every time:eek:

pefjr
03-09-2010, 04:32 PM
Of course C is gonna go up, It has to, after all, I sold my shares 2 days ago. I live by the buy high sell low method..works for me every time:eek:I KNOW how ya feel.:D

hokiefan
03-09-2010, 04:45 PM
Of course C is gonna go up, It has to, after all, I sold my shares 2 days ago. I live by the buy high sell low method..works for me every time:eek:

Used to work for a guy who guaranteed he could teach anyone how to make money in the stock market. All you had to do was pay attention to every move he made. And do the opposite.:D

Cheers,

Bobby