When citi hit 5 - 6 a share Mutual funds will be buyers. From 5-6 we should hit 8 really quick and from there who knows.Maybe 12 in 18-24 months.
it going to happen....after all the world is NOT coming to an end..!
it will also become marinable which will result in a huge influx of buying
Glad I bought 5k shares at 3.94. Along with my shares I bought 100 Jan 2011 2.50 put contracts at 0.51 cents each. If this goes to $12, I net $35k profit. If the shares somehow get wiped out I loose about $100.
You should always factor in when dealing using options what happens if the stock doesnt do much either way!
>>>Along with my shares I bought 100 Jan 2011 2.50 put contracts at 0.51 cents each. If this goes to $12, I net $35k profit<<<Wouldn't this alone net you $90,000 profit?
good eye....nice call