BUY Citibank (C) ??

[yoyomama]

3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11, 3.10, 3.11,

Jeez!!!

[skiracer]

What do you guys think about buying C for the long term? I'm talking a couple years here. I have a strong feeling the government would never let them fail but what would happen to the stock if the bank were nationalized?

Karel,
can two of us use the same avatar. it is a first. i have no problem with it.

[dredre609]

What do you guys think about buying C for the long term? I'm talking a couple years here. I have a strong feeling the government would never let them fail but what would happen to the stock if the bank were nationalized?

[Stuck]

Citi is converting more to common stock (CNBC reported the CEO saying that..), it will prob dilute the shares. risky call imo. But you got till may 4th to decide

[yoyomama]

What is the deal...for about the past hour and a half C has been

3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19, 3.20, 3.19 back & forth.

[yoyomama]

Can someone explain this to me?

http://www.reuters.com/article/GCA-CreditCrisis/idUSTRE53G5Y420090417

I'm trying to wrap my brain around what it all means. How does this affect the average guy that's just buying plain old shares of C...other than the fact that the price went down?

[yoyomama]

I don't know if that's the lesson to learn here. The chart has a target, and you should be looking to sell at target. How about that lesson? Lots of times selling at the end of an up day is a good idea. Look at ESI and MM's sell the other day. ESI is looking at $99 yesterday.

Yeah maybe not. Today was a first for me using a 7% Stop Order though. HBAN proceeded to lose 7% immediately but it doesn't feel too bad knowing that it could have been alot worse.

[New-born baby]

Remind me not to sell at the end of the day while it's moving up. Another lesson learned. Open looks good today.

I don't know if that's the lesson to learn here. The chart has a target, and you should be looking to sell at target. How about that lesson? Lots of times selling at the end of an up day is a good idea. Look at ESI and MM's sell the other day. ESI is looking at $99 yesterday.

[yoyomama]

Remind me not to sell at the end of the day while it's moving up. Another lesson learned. Open looks good today.

[skiracer]

Ski,
You happy now? Or are you getting happy now?

im happier now nb with both c and bac.

[New-born baby]

i would have to agree with nb. if i could get another 2 points from here with C i would be extremely satisfied.

Ski,
You happy now? Or are you getting happy now?

[yoyomama]

Come on Vitamin C!

later that same day...I wanted to stay in for the long term but just had to bail

Phew...got out at $3.78

Started on 3/18 & 3/19
$2.58 & $3.33

Glad I didn't cut and run at -7% but I realize I caught a beginner's break.
Hopefully I'll be more careful on the next one.

[yoyomama]

sorry but i dont see anything about a reverse split!!!

http://money.aol.com/news/articles/_a/bbdp/citi-considers-reverse-stock-split/389214

[ninner]

sorry but i dont see anything about a reverse split!!!

[Stuck]

C is getting 5 billion infusion

They are selling a brokerage in japan that raises them more than 5 billion. I suppose if the deal goes through thats good news for citi stock.

P.S. I still wana know about split reversing that i mentioned above and when/if it is going to go through.

March 30 (Bloomberg) -- Citigroup Inc. is seeking formal bids for Nikko Cordial Corp., its Japanese brokerage unit in a sale that may raise more than $5 billion, the Financial Times reported, citing people close to the situation.

Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., Japan’s three biggest banks, have expressed interest in buying the business, which Citigroup purchased for $13 billion in cash and shares over several years, the report said.

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=C%3AUS&sid=aTc8Q2lW25QU