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October 3, 2008

CitiGroup – How I Love and Hate Thee

I know this was so last week but CitiGroup is buying Wachovia’s banking business.  Whether or not its a smart move remains to be seen but things *might* be turning around for this bad boy.  Any glimmer of hope is welcome news to long term shareholders, like myself.  What’ll make me feel really good is if CitiGroup (C) can get back above the 50 WMA.  At least my $20 average cost positions would offset my $40 average cost positions.  :)

Update: I must be cursed.  Right after I posted this, news comes out that Wells Fargo wants to buy Wachovia in its entirety.  Ugh!

This entry was posted on Friday, October 3rd, 2008 at 5:12 am and is filed under 401K, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

2 Responses to “CitiGroup – How I Love and Hate Thee”

  1. Max Dama said:
    October 3rd, 2008 at 11:28 am

    Maybe not (via Calculated Risk): http://www.msnbc.msn.com/id/27005897

  2. Tom said:
    October 6th, 2008 at 3:55 pm

    Max: Your comment got caught up in the spam queue. Yeah I did see that, right after I posted this I heard it on the radio. lol

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