BUY Citibank (C) ??

[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.

[altria89]

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

[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.

[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]

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.

[IIC]

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

[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.

[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]

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]

Citigroup how low can it go? Too much volume!

[IIC]

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

[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]

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

[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]

Well...If the futures right now are any indication the market will gap down at the open.

Speaking of Banks...SKF which I got slaughtered on in the contest (only) a few weeks ago thx to the FED's quickie rate cut looks pretty good here.

Also, if you like to follow banks the Philly Banking Index is $BKX at Stockcharts and here are the components:

http://www.kbw.com/research/BKX.asp