WHY? Don't you know that (a) the government is still supporting this puppy, and (b) the time to buy is when there's blood in the streets. I remember well, when Chrysler back in the Lee Iacocca days was selling for around $2. Iacocca persuaded the government to loan (bailout) Chrysler. Eventually Chrysler climbed way above it's $2 share price, the government got some or most of their money back, and some investors with balls of steel, made millions buying up Chrysler when it was basically a penny stock.
There are no GREAT gains, usually, unless there is some significant risk involved. If you have a tiny account or are a newbie, I wouldn't recommend C until it's over $5. But if you are experience, have balls of steel and can afford to lose some pin money, go for it. You'll probably laugh all the way to the bank (pun intended).
C is daytrader fodder. Basically like what happened at Nortel. The company is broke hundred of billion debt and all are screaming to be paid back including the United States government. Currently the gov is holding massive debt for Fannie Mae FreddieMac Countrywide Merrill LYnch. Look at C stockprice and look where the market is now, look where C stock price was when the market was 10,500 before. Draw your own conclusions.
Have you been watching c for long? They might pump it to 4 dollars at least. Then wait for the positive "news" to pick up in a few days or weeks and then they are already out by then. watch, lol. It's not exactly 4 dollars but around there.
Only problem with the ones who are loading up. They are buying a Million Shares a piece. So they are probably going to sell a Million shares a piece when they sell. (So for every cent (1¢) this stock goes up their net worth goes up $1,000.