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Citigroup Inc. Message Board

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  • vetfrc vetfrc Aug 3, 2009 6:41 PM Flag

    I am selling when C hits around $4.10

    greeno: why do you think the dump will happen tomorrow? I thought most people received their shares on Friday. In addition why would'nt they hold for the rebalance on Wed close?

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    • If you're holding 100,000 shares of Citi, you simply can't afford to be last to dump, so you let your shares slowly unwind.

      It will start tomorrow in anticipation of Wednesday's sell off, but with such a volatile market folks jump the gun rather quickly.

      Still, let's not think that this is it for Citi....

      Plenty of time to flip the stock before the end of the year.

      So far, I've tripled my investment since Nov 2008.

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