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6 pts

Opinion on  Citigroup Inc (C)     Sector: Financial  >  Industry: Money Center Banks
Citigroup price drop means big gains for new buyers

Oct 15, 2009 09:40 PM GMT
Ironman
Return Risk
+3.54% LOW
Sr. Analyst

Wow did Citigroup take a kick in the gut this quarter with their Q3 earnings report, but if there is one thing we count on, it's that this big boy of banking will not stay down for long. With a slowly falling price tag Citigroup can mean quick gains for bargain hunters looking to buy in. As soon as the initial stinging numbness of this quarters financial report wears off,  this stock will be just as popular as it ever was. So if you have been waiting to hold a commodity in the financial sector and you can't afford the big price tag of a "JP More-gain" Then you can buy into this baby for a quick return. Look for a buy in between 4.68 and 4.73 two places where Citi's stock seems to show favor with buyers in the past. Wether you are shorting or you're in for the long haul more promising quarters lie ahead, so this stock price won't stay low for long. Happy Stocking... 


C:  This call was made on 10/15/09 @ $4.75
Rating:   Positive   $4.75 (10/15/09)
Closed:   10/16/2009 @ $4.75 (+0.00% in 16 hours)
Target:   $5.25 (+10.53%) in < two weeks
Allocation:   59.2% of portfolio


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traderguy previously rated C
Positive -14.74% The Piggy Bank never looked this good
10/16/2009
6
Neutral/Hold -5.00% Citigroup takes one for the team
10/15/2009
6
Positive +0.00% Citygroup financial report will probably be in the black.
10/15/2009
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