Why is this over 5 they'll be asking and the answer is, because of all the news that's out there but you've been missing for the last 2 months. Check your papers and do your Google thing and you'll see that they are out there. Ignition Monday is the new name for C's blast off!
I would like to believe this, as I am holding 50,000 shares. Yet the very red futures number (-49) indicates that this will not be possible unless there is an intraday turnaround. But remember that when the market gets killed, it's always on a Monday. So tomorrow could really suck, but things could improve during the week.
I do not use google. I use Bing which proved far superior to google. You people are still stuck on old technology and perception. Run both your searches in google and Bing and you will see the difference...... Geeee Whizzz
C is going to help finance Kraft's takeover of Cadbury, along with Deutsche Bank. Kraft is seeking $8 billion in financing, total.
Kraft is a cash cow. This is the lowest risk loan that C could make. Easiest money in the world.
Don't be surprised if this loan to Kraft helps push Citigroup into the black this quarter or next quarter.
C will go higher on Monday.
Reminds me of the Hitchhikers guide to the galaxy.
Since taking on tree leaves as currency (23.8 billion shares), it now cost 4 forests to buy an M&M. To solve this crisis, we have decided to burn down 6 million acres of trees (reverse split) to bring inflation under control.
In the real world, investors are rewarded for investments into companies. With you guys, you're just financing their recovery.
And the only way to complete their recovery is a reverse split, and a sell off of their holdings to raise cash.
leaving you guys holding the diluted paper, and them holding the cash. They *have* to burn down your forest to relieve their losses. It's their only way.
Anyting can happen with C, I would be more inclined for it to hit 5 before it goes to 4.25...Also, once it goes to 5 the resistance may break and then we can expect 7 shortly after..Screw you shorts!