Comments on: Citigroup Inc (C) – I Hate Myself For Buying It!

By: Tom

Tom — Sat, 14 Jun 2008 11:54:38 +0000

CG: I still need to post a rebuttal of your rebuttal from my USD post! :)

Glad to hear that someone is making money on C, :)

By: Christian Gross

Christian Gross — Fri, 13 Jun 2008 22:06:22 +0000

Funny you mention Citi…

That has been one of my more profitable. I bought in at 19.70, sold at 25.80 and now bought in again…

I will be adding, but not quite yet..

By: Tom

Tom — Thu, 12 Jun 2008 10:12:29 +0000

Matt: Agreed. Time heals all wounds and most stupid trades. :)

By: Matt Anderson

Matt Anderson — Wed, 11 Jun 2008 18:04:02 +0000

Your break even is $44…ouch. I could see $44 in 2 years time. In fact it may not take that long. I think that once the write offs are done and we start to see a positive eps, money will slowing trickle back into financials.

By: Tom

Tom — Wed, 11 Jun 2008 09:44:56 +0000

Matt: I hope the C rebounds to $44 at least, this way I’d be close to break even. :)

By: Matt Anderson

Matt Anderson — Wed, 11 Jun 2008 05:18:40 +0000

I think your buy at 20.15 is great. I too bought C recently…although I got in at 20.36. I think there is strong support around the 19.50 area. We had above average volume today…90mill instead of average 60mill. I think the banking industry will turn around Q1 of 2009. I know there are more write offs to come, but looking at the long term, citi is still the largest bank in the world. Their market cap has been reduced by over 60% in less then 1 year. I think financials will rebound and I expect we’ll see $25-28/share by years end.

-Matt

By: Tom

Tom — Tue, 10 Jun 2008 23:47:15 +0000

DD: Yeah I know, I’m a glutton for punishment.

By: Digital Dude

Digital Dude — Tue, 10 Jun 2008 22:44:33 +0000

OMG!!!

WTF???

Cordially,

-Digital Dude-