BUY Citibank (C) ??

[Odysseus]

Aye, sorry yoyomama, she's heading south again. Though it could just be a pullback before the re-laucnh next week

I still think the financials will go up by the end of the year, not sure if you are going long or swing trading.

Good luck though, if you don't mind, what price did you get in at?

[yoyomama]

Riding...but not loving it.

[Odysseus]

Whew ! I got out at $3 from 1.62

Thanks Ski !

Not sure what she'll do now but this could just be a healthy pull back before the next run up.... debating on whether I want to ride that wave again

[steelman]

I bought some June 2.50 calls at $0.68...let's see what happens.. I love to gamble..it is like yayho.

$$$MM$$$,

This is an option right? What does this order mean?
Steelman

[mrmarket]

June $2.50 calls..

I bought some June 2.50 calls at $0.68...let's see what happens.. I love to gamble..it is like yayho.

[yoyomama]

C's at $3.08...is it done? I'm a newbie but I don't think so.

[IIC]

I got a letter from CitiFinancial this week...Come in and we give you $5,000...Need More...JUST ASK...Hey...a couple years ago I got them for $50,000 to $250,000...UNSECURED...Isn't that what contributed to this mess?

What goes around comes around

...Doug

[skiracer]

Agreed.... I told myself not to touch any of the financials but I blame Skiracer. He convinced me

i'm back in it again ody at 1.05 level. just be sure not to let any of those gains get away from you.

[Odysseus]

Agreed.... I told myself not to touch any of the financials but I blame Skiracer. He convinced me

[mrmarket]

Maybe not church bells but...

I did it. I bought Citi at 1.62. Not many shares but considering how much I have to play with, 1/3rd of that.

So far so good, I was going to put in a stop at $2 if C can hit $2.10

I don't know why but I think Citi has the potential to hit at least $3 before falling back

~Ody

You have to figure that if they made $8 billion in Jan and Feb, which was reported, then March would have to be very good as well. Remember they have borrowed money from the Fed at "Zero" and are begrudgingly lending it out at higher than normal interest rates. There is no way that they can lose money this quarter.

So they are going to report some great numbers....BUT...how much more will they write down?? That's the big question. Is the "bad bank" actually bigger than the good bank?.... making the company essentially worthless.

[Odysseus]

Maybe not church bells but...

I did it. I bought Citi at 1.62. Not many shares but considering how much I have to play with, 1/3rd of that.

So far so good, I was going to put in a stop at $2 if C can hit $2.10

I don't know why but I think Citi has the potential to hit at least $3 before falling back

~Ody

[billyjoe]

Okay...who has balls like church bells?

Not me. I'm like one of Lyehopper's steers.

-------------billy

[mrmarket]

Okay...who has balls like church bells?

[studentofthemarket]

Big question is..what are all the pieces worth???

less than 5 bucks a share.


I'd love to hear the prince screaming about now. LOL

he got scorched.

[mrmarket]

Louis Eugene Navallier predicted in Oct 2008 that C would be shattered into 1,000 tiny pieces. If they dump Smith-Barney, that's the first piece.

Big question is..what are all the pieces worth???