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Citigroup Inc. Message Board

  • billbrittain3 billbrittain3 Apr 4, 2010 9:27 AM Flag

    Why C MAY Close Above $4.50 This Week

    OK, I predicted $4.50 for last Monday. I was wrong. I wasn't wrong about the price, I was wrong about the day. This week looks very good for C. So good in fact, that this will be my last post until we hit $4.50. (good news for those of you who are tired of reading them) The ONLY (known) thing that worries me in the short term is options expiration, a week from Friday. From past experience, I realize that could be a problem. However, I am convinced that if C "wants" to go way higher, options expiration will not stop it.

    Here are some other reasons why: (updated)

    Paulson added to his position in the 4th quarter
    Soros started to buy in the 4th quarter
    Analyst upgrades
    Citigroup has $750 billion in cash.
    Citigroup is undervalued based on its book value. (about $5.35)
    Hedge funds bought 10 times more C in the 4th quarter than they sold.
    There is still the possibility that Citigroup will buy back some or all of the US Government shares.
    CITIGROUP IS A BANK, THEY BORROW FOR NEXT TO NOTHING AND THEY MAKE LOANS FOR A MUCH HIGHER INTEREST RATE!
    There is a feeling in the air (today 4/4) that C is going much higher in the short term. (I originally posted this when C was about $3.45.)
    Pandit did well before Congress on 3/4/10.
    Cramer believes few stocks "offer as much upside" as C, especially after the government "starts unloading its Citigroup holdings". ("Mad Money" 3/5/10)
    C must have broken one or the other of those moving averages!
    Citigroup priced a preferred offering, (3/9) and the market "loved it".
    "Bullish comments from several different sources" (In mid-March)
    Pandit made a great presentation on 3/11/10.
    Dick Bove (the analyst) on 3/19/10 stated that he believed C will double to $8.50.
    1st quarter earnings will be announced in mid-April. I believe they will beat expectations.
    On 3/25 Citigroup signed up for loan modification program. (for homes)
    C has not gone up over 23% since March 3rd ($3.40 to $4.18) for no reason.
    The details have been released in regard to the Morgan Stanley/US Government/Citigroup sale of C shares.(3/31)
    The 2nd quarter has begun.
    The government released excellent employment figures on 4/2.

    and...

    C IS THE LEAST EXPENSIVE BIG BANK STOCK, BY FAR.

    (Not that it matters, but C closed at $2.69 on 7/27/2009 and C closed at $5.23 on 8/28/2009.
    Different times, I know, but if it could happen once.................................)

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    • You r da man. Wee r believers.

    • Just another person who brought low and trying to pump up the price more before they can sell for larger profit.

      C has no profit, losing money on all the savings, don't see any potential till probably later 2012. But government and a lot of C employees and analysts are pumping it hard.

      Be careful. When so many people rush in, it is dangerous.

    • Well, C didn't quite make $4.50 today. However, there is still tomorrow....

      Great day today for owners of C!

    • Congratulations Bill, I realize you said close above $4.50, but even if we drop from here, we hit 4.48 and that is a win in my opinion.

      Cheers

      ~septcalls

    • This stock is on sale

    • C Going to $40 by June, 2010 8-Apr-10 12:01 am Why C MAY Close Above $40 by June 2010.

      Here are some reasons why:

      Friggin' Arabs own 20% of stock. Goldman Sach's puppet Paulson added to his position in the 4th quarter Goerge Soros started to buy in the 4th quarter Analyst upgrades C-group has $750 billion in cash (taxpayer's money). C-group is undervalued based on its book value. (about $5.35)


      Hedge funds bought 10 times more C in the 4th quarter than they sold. There is still the possibility that Citigroup will buy back some or all of the US Government shares (caugh, caugh).

      CITIGROUP IS A BANK, THEY BORROW FOR NEXT TO NOTHING AND THEY MAKE LOANS FOR A MUCH HIGHER INTEREST RATE!

      There is a feeling in the air (today 4/4) that C is going much higher in the short term. Pandit did well before Congress on 3/4/10.

      Cramer & Jerry Seinfeld believe few stocks "offer as much upside" as C, especially after the govt "starts unloading its Citigroup dummy holdings to Goldman Sach's puppet Robert Rubin". ("Mad & Insane About Money" 3/5/10) C must have broken one or the other of those moving averages and the backs of the folks in foreclosure!

      Citigroup priced a preferred offering, (3/9) and the market "loved it" because it's manipulated by the shadow forces.

      "Bullish comments from several different unmentionable sources" (In mid-March) Pandit made a great presentation on 3/11/10.

      Pundent Glen Beck says to buy gold and non genetically-altered seeds; Dick Bove (the bovine analyst) stated that he believed C will double to $8.50. then triple-quadruple to $40 and up to $60 by the end of the year . . .

      1st quarter earnings will be announced in mid-April - they could beat expectations by cooking the books again.


      On 3/25 Citigroup signed up for loan modification program,(for homes), and will continue take federal funding while refusing to help regular folks in real need of relief.

      C has not gone up over 23% since March 3rd ($3.40 to $4.18) for no reason. The details have been released by the crooks at Morgan Stanley/US Government/Citigroup sale of C shares.(3/31)

      The 2nd quarter has begun. The government released excellent employment figures on 4/2 based on the hiring of 200K census takers.

      and...

      C IS THE LEAST EXPENSIVE BIG BANK STOCK, BY FAR, making over 20% on the TARP monies that it took from the taxpayers, while paying millions of dollars in bonuses.

      (Not that it matters, but C closed at $2.69 on 7/27/2009 and C closed at $5.23 on 8/28/2009 after it spiralled down in 2 days from $30 to $2.00 in 2008

      Strap-up baby! C Going to $40 by June, 2010

      Still, It's only Chump Change for Chi-Coms -

      Gimme a Geely so I can park it next to my TaTa Nano

      Have fun. Get a grip . . . ;0)

    • lol your calling? I bought C call options 7.50 on Jan 19th this year for 2012 expiration. I bought in at .18 what you got on that?

    • Update only....

    • The Dow was down 72 points today.
      C was up $.07 today to $4.36. (That is a new closing high for 2010.)
      $4.50+ is within reach this week.

      Enough said....

    • The Dow is down, C is up. The highest C has traded in 2010 is $4.41. The highest C has closed in 2010 is $4.31.

      C May close above $4.50 this week!

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