I've had the pleasure of watching Citi go on these 3-5 day benders. Each day opens with a gap up. If we repeat today, we hit the 52-week high.
I'm guessing we start the 8am hour at 4.98 and open trading about 4.96
We should be able to have a nice run for about 6-8 sessions before we get a little profit taking before earnings on the 18th.
I'm expecting a beat in earnings - about .10 If we get some good news then we can run to $6+ this month.
January seems to be the Financial stock's month!
All IMO..... GLTA
This could be the day C finally breaks through $5. A long, long time ago, I wrote that I would not start a post until C traded above $5. (I'm the guy who used to list all the reasons to buy C.) I hope to start a post TODAY! Also, bought a few January $5 Calls yesterday for $.08...
C last closed above $5 on October 14, 2009.
Great, Clearly C is turning an importnat corner here.
We need to stay focused on the fact C earn $ .60 to $1.00 in 2011 and that's counting all the shares out. Earnings are key to any companies share price.
If the earnings come in as projected in 2011 then we should see some nice increases in the share price from these levels. It's simply to cheap with earnings like this coming in 2011 and better in 2012.