BUY Citibank (C) ??

[IIC]

Forgot to mention...SKF is an Ultra Short ETF which attempts 2x the inverse of the Dow Jones Financial Index... ($DJUSFN at stockcharts). Now, the DJ Fin Index is not only comprised of Banks...You'll find insurance, Real Estate and other components thrown in.

[IIC]

Rather large but if anyone wants them here are the $DJUSFN components...I have them in a folder at Stockcharts:

ACE, AMG, AFL, ALAB, ARE, Y, AWH, ALL, AMB, ABK, AMFI, AXP, AFG, AFR, AIG, ANAT, ACF, AMP, ABCW, NLY, AOC, AIV, ACGL, AJG, AHL, ASBC, AIZ, AGO, AF, AVB, AXS, BXS, BAC, BOH, BK, BBT, BSC, BMR, BLK, BOKF, BXP, BDN, BRE, BPO, BRO, CPT, COF, CSE, CATY, CBG, CBL, SCHW, CB, CINF, CIT, C, CRBC, CYN, CME, CNB, CLP, CMA, CBH, CBSH, CGI, CCRT, CNO, OFC, CFC, CUZ, CFR, DCT, DFG, DDR, DRH, DLR, DCOM, DFS, DEI, DSL, DRE, ETFC, EWBC, EV, ENH, EPR, EFX, ELS, EQR, ERIE, ESS, RE, FNB, FNM, FRT, FII, FCH, FNF, FITB, FAF, FBP, FCBP, FHN, FR, FMD, FMBI, FNFG, FED, FMER, FCE/A, FOR, BEN, FSP, FRE, FMT, FBR, FTBK, FULT, GGP, GNW, GS, GFG, HBHC, THG, HIG, HCC, HCP, HCN, HR, HIW, HRH, HME, HMN, HPT, HST, HRP, HCBK, HBAN, IMB, ICE, IBOC, ITG, IPCR, SFI, JNS, JEF, JLL, JPM, KEY, KRC, KIM, NITE, LAB, LHO, LAZ, LM, LEH, LXP, LRY, LNC, LTR, MTB, MAC, CLI, MPG, MKL, MMC, MI, MA, MBI, MCY, MER, MET, MF, MTG, MAA, MGI, MRH, MCO, MS, NDAQ, NCC, NFP, NNN, NFS, NHP, NYB, NAL, NCT, NTRS, NMX, NYX, ONB, ORI, PCBC, PRK, PRE, PEI, PBCT, PFB, PHLY, PNX, PJC, PTP, PCL, PMI, PNC, BPOP, PPS, PCH, PFG, PRA, PGR, PLD, PRSP, PL, PBKS, PFS, PRU, PSA, RDN, RAS, RJF, RYN, O, RWT, REG, RF, RGA, RNR, RLI, SAF, SEIC, SIGI, SNH, SPG, SLG, SLM, TSFG, SOV, JOE, SFG, STT, SBIB, STSA, BEE, SHO, STI, SUSQ, SIVB, SWS, SNV, TROW, TCO, TCB, AMTD, TMA, TMK, TRH, TRV, TRST, TRMK, USB, UCBH, UDR, UMPQ, UB, UBSI, UCBI, UTR, UNM, VLY, VTR, VNO, WHI, BER, WB, WDR, WFSL, WM, WRE, WBS, WRI, WFC, WABC, WTM, WTNY, WSH, WL, WTFC, XL, ZNT, ZION

[MEA_1956]

T. Y.

One more group of things to look AT, Hell now days the trip to the market( store) is almost two pages. Marlin

[IIC]

Philly Bank Index...Only one red...Which one?

[altria89]

Citigroup how low can it go? Too much volume!

[New-born baby]

Citigroup how low can it go? Too much volume!

If more bad news comes out, it can go to $0.00, depending on how bad the news is. It has already seen $22.54. But yes, the volume is huge, and C had incredible support at $30, yet $30 failed. $30 remains an incredibly strong resistance, now. But when $30 is cleared successfully, it should run to $38+.

[altria89]

Now Buffet getting into the mix with bonds will this be a short term recovery just like Fed Rate cuts were or can this turn the tide?

[New-born baby]

Now Buffet getting into the mix with bonds will this be a short term recovery just like Fed Rate cuts were or can this turn the tide?

Don't know.

C has good support here at $26, and huge R at $30. Buy at $26 and look to sell at $30--for now. Also C has a huge option chain.

[IIC]

If there is a run on US Banks...My opinion is that it will start at CitiBank

[skiracer]

If there is a run on US Banks...My opinion is that it will start at CitiBank

I'm still short C from 26. Didn't seem to have any strength in yesterday's up market. Felt it was going down yesterday and toyed with falling back thru 26 but didn't hold the drop. we'll see what today brings.

[New-born baby]

If there is a run on US Banks...My opinion is that it will start at CitiBank

I highly respect your opinion.

[skiracer]

I highly respect your opinion.

I don't wish any misfortune on those holding it long but it could be in a precarious position here and setting up for a much larger drop from this level. I will definitely follow the market but yesterday went off on it's own contrary to market direction. I like it to the downside from here. and i think the markets also.

[altria89]

Is next week a strong week to get into Citi for at least short term with the bond plan coming out?

[New-born baby]

Is next week a strong week to get into Citi for at least short term with the bond plan coming out?

Not in my opinion. C is still in deep trouble. I just expect C to move up and down this week--up about $1 early in the week; down later in the week.

[skiracer]

Is next week a strong week to get into Citi for at least short term with the bond plan coming out?

what do you think it will do? are you still holding the position. you were in around the 24-25 levels weren't you and held thru 28-30 range. you had 4-5 points. did you let them get away from you or did you take some off the table?
i shorted it at 25.97 and am still holding the short position. i think it could easily drop to the levels around 20 - 22 range this week which i was looking for when this conversation first started a couple of weeks ago. the charts all look weak.