BUY Citibank (C) ??

[New-born baby]

I am new to this forum, and, also, relatively new to investing. I read this thread and wanted to jump in, as I am thinking of buying citi. Considering the price it closed at on Friday, and... yeah, I know I'm going back to the question that started this thread, But I would like to ask what would you recommend? Do you think it would be wise to wait a little longer, or take a risk that seems reasonable, and jump in at the current price?

Thanks!

Don't waste your money here at this time. You'll be sorry that you bought a stock that is going down, down, and down some more. If you are new to investing, I would imagine that you do not know how to sell a call or buy a put. So you have no protection at all.

Looking at the market at this time, I'd tell you to stay on the sidelines for awhile longer. This market is headed further South, imho. As for C, the PnF looks like she has two possibilities: $22 or $19 as its ultimate low. If $19 fails, it may very well go completely bankrupt. Not looking for $19 to fail just yet; I am just saying that you want to look at an entry at $22. If that fails, $19.
If $19 fails, run for the hills.

Best wishes to you always.

[IIC]

I am new to this forum, and, also, relatively new to investing. I read this thread and wanted to jump in, as I am thinking of buying citi. Considering the price it closed at on Friday, and... yeah, I know I'm going back to the question that started this thread, But I would like to ask what would you recommend? Do you think it would be wise to wait a little longer, or take a risk that seems reasonable, and jump in at the current price?

Thanks!

I suggest you look elsewhere...Like stocks in a moving group

Hi everyone!

I am new to this forum, and, also, relatively new to investing. I read this thread and wanted to jump in, as I am thinking of buying citi. Considering the price it closed at on Friday, and... yeah, I know I'm going back to the question that started this thread, But I would like to ask what would you recommend? Do you think it would be wise to wait a little longer, or take a risk that seems reasonable, and jump in at the current price?

Thanks!

[IIC]

Tons of news and tons of volume. Don't know which way to go with Citi.

Look for something else

[New-born baby]

Tons of news and tons of volume. Don't know which way to go with Citi.

Stay away, unless you are shorting it. It is close to time to short C again.

[altria89]

Tons of news and tons of volume. Don't know which way to go with Citi.

[IIC]

What a post!

What about brokerage firms like IBD?

I have no idea

[New-born baby]

http://www.financialsense.com/fsu/ed...2008/0225.html

What a post!

What about brokerage firms like IBD?

[IIC]

http://www.financialsense.com/fsu/editorials/2008/0225.html

[IIC]

Oppenheimer Cuts Citi '08 EPS Estimate To 75c From $2.70 >C

[New-born baby]

Glad to hear it...Now I don't think C is going under or anything (Otherwise I'd close the account I have with them)...But they are not in very good intermediate term shape

I wonder just how "strong" the entire banking system in the US is at this time.

[skiracer]

I sold at 28.30 in the end altogether.

excellent move on your part.

[IIC]

I sold at 28.30 in the end altogether.

Glad to hear it...Now I don't think C is going under or anything (Otherwise I'd close the account I have with them)...But they are not in very good intermediate term shape

[altria89]

I sold at 28.30 in the end altogether.

[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.