Citigroup

Bought it at 4.18 and it's still looking pretty sexy. 

Should I dump it and keep the earnings or hang on?

 

When in doubt take 50 percent off the table!

 

profits never killed anyone,,

keep it man. think longterm. banks will rebound at some point

Thanks for the input fellas.  Embarassing loss for us last night Revis.

Treasury selling 2.4 billion common shares of it and I think it's open season.  Thinking of buying an additional 300 shares.

my 2 cents... keep it long term, and buy more.  at 4.18 a share, you probably made a relatively small investment ($418 + brokerage fees, $836 + fees, whatever the case may be)... depending on how many shares you bought.  I own many shares of C and the way I look at it.... the stock was going for $60 pre market crash (07, 08), and banks can only go higher.  Obv, it won't go back to $60 anytime soon... but, banks will start making profits again and now they are out from under the thumb of the government (as you mention in regards to the treasury selling remaining shares).  I'd keep buying more at under $5 and wait it out for the long term (ie, probably 3-5 years).... again, 100 shares at 4.and change is under 500 dollars!  Not talking about life and death money.  Good luck!

Thanks Niner. 

I've invested over 25% of my paycheck since I started this post and I intend on doing the same with my next one come this Friday. 

Each share is now worth $4.31.  Analysts are projecting it to climb to over $5.50 a share a year from now. 

I can only hope because I got pretty beat up with sports wagering this year. 

5.50 a year from now? I think citi sees 7 plus by then!

Maybe we do see 7 in a years time... Standard and Poors just revised their target after the treasury dumped remaining shares, revised to $6 in 12 months.

Obv in my previous post I will probably get bashed for my reference to the $60 mark pre market crash, because again by no means do I think it'll hit that in even 5 years (or anyone for that fact), but I was just saying.

Stock market is just legalized gambling.... gotta love it. 

I guess I forgot just how much toxic garbage Citi is holding on their books and how much they have diluted the hell out of common holders to think the stock deserves more than 5 per share, EVER.

Citi needs to eventually start buying back all those shares. 

Citi is just getting better every month...

Check this out

Forget the share price, look at the market cap.

Citi at these levels is not that far away from its mega market highs, it is no value if you ask me.

agree with some of the posters but the bottom line is that it is a top 3 bank in the US and world depending on how you look at it and whether there is dilution or not at the moment, in the future it will be significantly higher....yes, they have to buy back shares, yes, they have to trim some of the "fat" so to speak and realign their business practices to maximize efficiency and profitability and yes that will take some time..... also, keep in mind that above $5, institutions that otherwise could not purchase shares can start to accumulate them i.e. foundations/hedge funds/RIAs/money managers/etc, this could bolster the stock as well....

i'm in C pretty large, BUT i have been continually since 2.34 and in and out since a limit ordered magically filled at $1

Tell me when Citi cuts the leverage down, they are still heavy levered AND I think they have a huge chunk of convertible debt from pre-bailout investments from the Saudis and others..so their float will probably go higher down the road.

If you look at their market cap, they are valued for future growth even right now. I wouldnt go near that stock.

What happens when interest rates go up and these holdings that Citi and others have start dropping in value? These government debt holdings will tank quickly and they are leveraged right now on that too.

My cousin is involved with C.Without getting into any legal trips,C is a buy,and hold stock.Bought in at the low 3$ price,and will not think about selling for years.