BUY Citibank (C) ??

[altria89]

I expect the buy here will be okay. I expect C to bounce up next week, then deeper selling still to come. You know the financials will be ready to buy when they all cut the divy some more, and the P/E's get down to 10 or so.

So short term, you should be okay. But I still say you are going to see $22.

Hit down to 22.55 earlier today before the rate cut. I'm ticked I tried to do Schwab trading online and it was so slow I missed out took a loss then re-bought at 23.45. What do you'll think is the smart thing to do? Probably just to stay away but it is such a bargain even if it goes lower.

[skiracer]

Got in at 24.23 probably a bit too early as you all seem to like it to hit $22. Do you think there will be some recovery to begin the week next week then maybe sell and buy back once it pulls back. I love Citigroup. It ain't going anywhere. Anyone Remember late 2001-2002?

I love it to. The only thing is that you might have waited a bit longer. I think it sees 22 or maybe a bit lower. Look at the daily and weekly and give me one redeeming thing that makes this a worthwhile place to put some money right now. And I like the stock but not right here yet. If the market continues farther down C follows it like a puppy dog. A few hundred points more and C could be down to $20. It's right at make or break right now. It's most recent low was right here just above 12000 back in March of 2007. If it breaks that line of support it could easily go to 10750 and C would be in terrible shape then. I think there is a good chance it bottoms right here and we get a bounce but it's chancy.

[New-born baby]

Got in at 24.23 probably a bit too early as you all seem to like it to hit $22. Do you think there will be some recovery to begin the week next week then maybe sell and buy back once it pulls back. I love Citigroup. It ain't going anywhere. Anyone Remember late 2001-2002?

I expect the buy here will be okay. I expect C to bounce up next week, then deeper selling still to come. You know the financials will be ready to buy when they all cut the divy some more, and the P/E's get down to 10 or so.

So short term, you should be okay. But I still say you are going to see $22.

[altria89]

Got in at 24.23 probably a bit too early as you all seem to like it to hit $22. Do you think there will be some recovery to begin the week next week then maybe sell and buy back once it pulls back. I love Citigroup. It ain't going anywhere. Anyone Remember late 2001-2002?

[New-born baby]

Anybody watching C options today? Options expire at 3 pm EST. C stock was $24.75, and the $25 C CALL option was selling for $0.39 per share at 9:40 EST. That means you'd get $25.39 for the stock IF C was above $25 at the close! That is a rich option for such a short time.

The FEB $25 put is $1.71, very expensive.

[Peter Hansen]

Guys Thank You All

Guys Thank you for all your input. I will not buy Citi (C) now ........but I feel it could make a good prospect in the future.

If you look at this chart you can see clearly that In Mid October 07 BOTH blue lines crossing under the orange lines on the MACD and ADX charts indicate it was time to EXIT Citi in a hurry......when they both cross over again ...Both Blue lines crossing over their respective Orange lines to the UPSIDE ......THAT WILL BE GREAT BUY SIGNAL Both these indicators are HIGHLY reliable ! Really, the EARLIEST indication of TROUBLE to come was the 40 EMA Line ( BLUE ) Crossing under to the downside the 80 EMA Orange Line in early 8/07

http://bigcharts.marketwatch.com/print/print.asp?sid=117685&symb=c&time=7&freq=1&compidx=aaaaa%3A0&comp=&ma=&maval=&uf=&lf=1&lf2=4&lf3=1024&type=&size=&country=us&o_symb=&startdate=&enddate=&style=320&backurl=%2Fquickchart%2Fquickchart.asp&prms=qcd&default=false&originalstyle=320&originalurl=%2Fquickchart%2Fquickchart.asp%3Fframes%3D0%26symb%3Dc%26unused%3D0%26o_symb%3Dc%26freq%3D1%26time%3D7%26x%3D13%26y%3D20%26style%3D320%26default%3Dtrue%26backurl%3D%252Fquickchart%252Fquickchart%252Easp%26prms%3Dqcd%26sid%3D117685

[New-born baby]

No one knows where all the bad bags of lettuce have been hidden. Some of the VP's at Citibank are praying no one finds them until AFTER they get their bonuses.

That is no doubt the truth.

[mrmarket]

No one knows where all the bad bags of lettuce have been hidden. Some of the VP's at Citibank are praying no one finds them until AFTER they get their bonuses.

[mrmarket]

No offense Ernie...But how is it down over 100%???...It would have to be under $0.00


Peter...It may well come back...But maybe it will take a looooooooong time...I'm gonna have to pass at this point as I believe the financial mess is still in its infancy

Down 50%..but it has to go up 100% to get back to where it was...that's what I meant.

[New-born baby]

CHART has a target of $22 minus. WAIT until that target is reached,
and then watch for confirmation that the downtrend is over, such as a double bottom. Doug is probably right, and C may even be taken over by the Federal govt. Lots of bloodletting to come. What's the rush? It ain't going to be $50 again in the next two weeks, and if this is the start of a 2nd Great Depression, well, that money that's burning a hole in your pocket may well be better spent on something else.

[IIC]

It's down over 100%...why not wait til it goes back up 20% so you get some confirmation?

No offense Ernie...But how is it down over 100%???...It would have to be under $0.00


Peter...It may well come back...But maybe it will take a looooooooong time...I'm gonna have to pass at this point as I believe the financial mess is still in its infancy

[mrmarket]

It's down over 100%...why not wait til it goes back up 20% so you get some confirmation?

[spikefader]

[Peter Hansen]

Well it may be too early right now , Citi (C) closed 1/17/08 at $24.96 , and it was almost 56 1/07. it is still in a DOWNTREND.....but it will rise from the ashes.

1. Vikram Pandit , a no nonsense, guy was just hired as new CEO.

2. CITI has a $155 billion market cap.

3. The collapse of oil in the seventies provided Citi with huge profits by trading defaulted emerging market debts , and by participating in the privatization of of many nationalized resource companies in Latin America.

4. Citi emerged as a leader and made huge profits during the S&L crisis of the Nineties.

5. Citi did get involved in Sub Prime mess ...but that is already factored in to the price.

6. Mr Pandit is currently restructuring the company .....and although it may be a rocky road ......Citi will eventaully RISE to the top.

7. The time is drawing near for people with vision to jump in .

8. I think with CALL Options (LEAPS) BIG money can be made ...example would be JAN 09 $27.5 calls current price is $2.80 / contract.

Anyone have any thoughts on CITI C . Perhaps we all can pull some money out of this one?