C Citigroup: Over 5....

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	David Sachdev
	Washington, DC User since Dec 2009	38
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Over 5....

Now all the mutual funds that couldn't purchase this stock before see it as fair game. I'm continuing to hold my options, but may trade in for something that has a bigger premium. I still see this stock at the end of the year higher then where we are today.

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What People Are Saying...

David Sachdev said at 4/19/10 8:22 AM Price action was $4.56 0.00 (0.0%)

Added to my position on Friday. Up in pre-market, and earnings are out. Need to research more.

David Sachdev said at 4/26/10 9:22 AM Price action was $4.86 0.00 (0.0%)

The government has gone ahead and given the okay to sell the first batch of stock. I expect to see some selling pressure today.

David Sachdev said at 4/28/10 11:43 AM Price action was $4.51 +0.16 (+3.7%)

Adding to my Jan 2011 Call position here.

David Sachdev said at 7/13/10 11:48 AM Price action was $4.24 +0.13 (+3.2%)

So we are only over 4 here now...but that is good to see after being stuck below that magical number for quite a while, we've not moved up pretty quickly in the last day or so.

Also, it is nice to see that the government selling has had less impact then the announcement of said selling. Hoping that my longer time horizon helps to keep this a profitable trade. I have also picked up more and more whenever we get below 3.50.

Josh Warner-Burke said at 10/26/10 11:23 AM Price action was $4.20 -0.01 (-0.2%)

Contributing this link because I love the headline:
Get away with murder. Become a bank.

http://money.cnn.com/2010/10/25/news/economy/foreclosures_big_banks.fortune...

David Sachdev said at 1/6/11 9:06 AM Price action was $4.97 0.00 (0.0%)

I'm glad that Citigroup will finally see $5/share today once again. With over 30 options contracts and shares in this company, the more this stock moves up - the better my return for the year.