for many reasons, including they mite have to give up ne of there biggest assets in mexico? or something like that because of how many shares the GOV owns.. forget the name of the asset, but heard it on bloomberg radio ths am
Let me count the reasons
Rumor has it that the goverment wants to impose a windfall tax on tarp funded companies
The housing data that came out today was not impressive
Forecloseures are still high for the housing market.
The earings for Citi were not impressive.
I sold my shares today, LOL.
Too few positive indicators, too many outstanding shares, 34% government ownership. We were told many months ago to expect Citi to float between 4 and 5. This trend will generally continue until a major announcement, possibly for another 3 to 6 months.