I like the fact that C is holding up very well in Tokyo. It is currently trading at 167 yen, or $1.713, which is $0.213 above Friday's close in the US.
Shorts are toast tommorrow. With Obama's finalized budget announced Saturday adding another $200 billion+ to help out the banks, I see Citigroup going much higher.
My 2-week target is $3.50 per share.
For those who do not know how to convert the yen to dollars, use the 15-minute delayed quote at Yahoo,
And then apply the conversion rate, currently 0.0103 per yen.
Ex. 167 yen * 0.0103 = $1.713
Tokyo knows what the hell happened to C on Friday.
Citi got help from the FED but it did stop the rumor of Nationalization. It did drop to 1.50
In Japan investors know the price of Friday and it has kept around 1.70 is a good sign.
Above 2 tomorrow
The Jap market was already closed -they tanked because of worries over US, because of C & BAC...
Anyway: symbol for C in Jap is "8710" currently 167 Yen (-92 or 35.52%)