yup, been a buyer since 3 days ago :) citi's price target may be at $190, but the rest of the street is at $246. When these sell-side equity analysts publish reports, especially ones they trumpet as their best ideas, they will contact all of their clients to sell that idea. Citi is a large player and has a lot of clients, so i'm guessing this is all a short term supply/demand imbalance.... only time will tell (earnings in a couple of weeks). knowing they have 3 trillion dollars in assets under management helps me sleep at night!
no kidding it is just getting trashed here. I bought some more at 201.60. now two thigns. either the citi guy knows something..or the guy a week before him that upgraded it with an overweight gave us the horns and used that to short into it. now one of them will eventually be right. the earnings should come higher as a full quarter of gains from the barclays will be on the tape. could this daily drop be just a bear trap? True value on thsi stock going forward is $345. but with this 27 poitn drop it makes you think..
Seems to be Citi guys know something inside and dumping hard, may this will hit low 190s before firday will stay there at least month or two before go up, if they do mess up with earnings then it will go to 150s,