RF Micro Devices Inc. Message Board
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need savvy rfmders' advice on Citi
Don't wanna chage the subject just wanted advice from my savvy group...thinking about buying some Citi...???
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Buy some now, but hold some cash to buy more shares on a possible dip. The stock price fluctuates. But now is not too late to get in. Within 2 years Citi should be around $10 per share according to many analysts.
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I bought 5000 @ 3.80.
It has worldwide exposure. Bank situations are improving in general. Citi in particular has met or exceeded estimates the last two quarters. CEO is committed to getting Citi back on the right track. Of the big banks that survived Citi is the only one sitting at the current PPS level.
They aren't going anywhere and once this financial mess is in the past I would expect the price to, at a minimum, triple from here. JMHO.
I plan on holding until 2012 or until the price hits double digits, which it will. GL- 1 Reply to sk_wilson
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You never know if Citi will double with billion of shares are dumped by government.
However, most stock in cell phone sector, including RFMD, will rise by 50% to 100% by next 12 to 18 months.
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Wait til the gov is done selling their shares..unless you are looking long term 2-3 years.
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