BUY Citibank (C) ??

[IIC]

I wouldn't get 2 excited...Look at the New Highs vs. New Lows http://finance.yahoo.com/advances

Altho...in taking a closer look...Yahoo is screwed up...that is not right...NYSE A/D volumeis way off

[riverbabe]

Honestly...I have no idea...But I'm not gonna hold my breath.

But since everything seems so wacko...I am considering looking at Day Trading some banks and brokers...Altho the minute I try it is probably when the bottom will fall out

In the Cleveland Plain Dealer this morning, it was announced that National City Bank (NCC) is in big financial trouble and looking for a buyer (quick). This is an old bank, once connected with the Bush family (the "Herbert" or "Walker" side) in Ohio. A great surprise to everybody here (except me -- it had to happen to this bank too). Don't know about dt-ing it but it's worth a look. River

[IIC]

Guess this is considered "Good News"...DJ S&P Places Citigroup Inc. On CreditWatch Neg>C

[New-born baby]

Guess this is considered "Good News"...DJ S&P Places Citigroup Inc. On CreditWatch Neg>C

Sure its good news!WhatsthematterwithyouDoug?Thestockwasup7%toda yonthisgoodnews!sssSSheeesch.

[billyjoe]

C may be doomed my inside sources tell me.

----------billy

[peanuts]

down with the world!!!!

C may be doomed my inside sources tell me.

----------billy

current price - $26.29
MP point - most likely between $22.50 and $25.00

C still has room to fall before May 17 - options expiration day:

I currently hold C short for POTW... but I would feel comfortable doing the same in real life

[billyjoe]

Do forum members think that good banks such as HCBK , even though recently reaching new high are being punished and undervalued because of their crooked brethren?

----------billy

[mrmarket]

Do forum members think that good banks such as HCBK , even though recently reaching new high are being punished and undervalued because of their crooked brethren?

----------billy

yes...I bought several banks which are paying 10% dividends...I think most of the bad lettuce has been rooted out..particularly in the smaller banks where it is more difficult to hide it.

[Peter Hansen]

"Showtime" For Citi C

Citi ( C ) is ready for "SHOWTIME".....The BIG money will be made in the Options.......BUY the MAY 25 CALLS ( CEE ) The last price was about $1.72 per contract......MY "SYSTEM" says all sytems go .......LOCK & LOAD on this one ......as C drifts higher keep setting your stop higher to protect your profits . There are 15 days left on this option .....this will be a quick in and out. GOOD LUCK TO ALL and think GREEN $$$$$$$$!

[peanuts]

Citi ( C ) is ready for "SHOWTIME".....The BIG money will be made in the Options.......BUY the MAY 25 CALLS ( CEE ) The last price was about $1.72 per contract......MY "SYSTEM" says all sytems go .......LOCK & LOAD on this one ......as C drifts higher keep setting your stop higher to protect your profits . There are 15 days left on this option .....this will be a quick in and out. GOOD LUCK TO ALL and think GREEN $$$$$$$$!

C closing price on Friday was $26.39. Please check out the chart below and make your play accordingly. This is my Maximum Pain Calculator... It is something that I created using the guidelines of calculating Max-Pain. To learn more about Max-Pain, follow this link: Max-Pain Point explanation

click thumbnail to enlarge image:


According to the research, C should close on May 16 somewhere between $27.50 and $30.00

nice find, Peter Your $25 call option, CEE, may appreciate 50% to 100% or even more by May 16. What "system" are you using?

[Peter Hansen]

Peanuts

C closing price on Friday was $26.39. Please check out the chart below and make your play accordingly. This is my Maximum Pain Calculator... It is something that I created using the guidelines of calculating Max-Pain. To learn more about Max-Pain, follow this link: Max-Pain Point explanation

click thumbnail to enlarge image:


According to the research, C should close on May 16 somewhere between $27.50 and $30.00

nice find, Peter Your $25 call option, CEE, may appreciate 50% to 100% or even more by May 16. What "system" are you using?

Peanuts it is a very simple system that I have modified. I am currently evaluating it.......If it appears successful.......I will disclose more details !

[mrmarket]

call me an idiot, but I just doubled up my (rather large) position with a purchase at 16.83 today.

[billyjoe]

Mr.Mkt.,
You may be an idiot or a genius time will tell.

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

[IIC]

Do a search...see what I said about C and the Banks in the past...The carnage isn't even close to being over..Doug(IIC)

[New-born baby]

Do a search...see what I said about C and the Banks in the past...The carnage isn't even close to being over..Doug(IIC)

The Second Great Depression is on its way. We'll have a huge stock market dump here very soon . . . perhaps in the next week or two due to the earnings reports.