C - Citigroup - Page 414

R/S is used to cut back on outstanding shares and citi has a float around 28 billion. If a buy back doesn't happen to remove some of those share in the market then the stock price uptrend has great limitations so a r/s would be the next best option. I personally do't think they will be a r/s but instead a buy back. But then again that could be wishful thinking..

approaching triple top.. if it can close above 5 I see citigroup testing the earlier tops and if it breaks through away we go.

Looks like a new 52 week high for C. 5.08

Could go either way on that triple top.

Earnings on the 18th...where do we go from now until then? You guys plan to sell before or hold through earnings?

Thinking about picking up some calls further out on this. With the 5.00 breach the funds can start buying in and if that happens this can take off and never see 5.00 again. The R/S or buyback of shares doesn't make or break it at this point as long as it keeps heading up from here. This is a pretty critical point for C.

i dont get how thats the 52 week high.

when i traded C back in April it hit 5.12. google does show 5.08 though...

damn I knew I should of stayed in... FML

"Raymond James Raises Citigroup Inc price target to $6.50 from $5.50; rating strong buy" Jan 13 (Reuters) http://www.cnbc.com/id/41057337

the previous high was 5.06 in april according to the cnbc.com charts.

speaking of highs yet again,new high today: 5.12

Picked up some Mar 6.00 calls for a nickel

We touched it but need something to break through it.

Broke 5.12 this morning. Just realized that if anyone is planning on selling before earnings, they have to sell today. I'm hoping there isn't a selloff on earnings Tuesday morning.

I personally dont see that happening, but all the best!

Don't see that happening, especially with JPM's earnings this morning. Earnings should either match or beat expectations.

I'm not making a call about Citi's earnings, but saying that they will beat just b/c JPM beat is foolish. 2 different exposures. 2 different balance sheets, 2 different business models.

True but citis ability to work themselves out of debt is a good sign. The company is looking strong for this year. I wouldn't bet against a good earnings.

One billion served today...

Citi survived and now the government is out of the picture. I hate the 29b O/S and agree with USMC about citi needing to do a R/S or start buying back shares for this to really take off. Even if they don't, I think citi has the potential to keep going up slowly and with the PPS over $5 more institutions will start buying.
Citi is a long hold for me. I don't know how it will do in the short term, but feel it will do much better in the coming years.