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C - Citigroup - Page 423

post #8441 of 8494

http://www.istockanalyst.com/finance/story/5283389/citigroup-inc-q2-2011-earnings-preview-analysts-reduced-estimates

 

 

You may just be right lol. I added it to my watch list, but still checking for more news and info about the stock. Everyone is eager to know the earnings, imo, if it's bad news it'll fall and if it's good news it'll rise, but we can only speculate now. Meanwhile, its time to check other bank stocks.

post #8442 of 8494

One of the best bouncing banks today, it was in complete melt down mode yesterday, but now +10% back to the $30 range.

post #8443 of 8494

sell off today?

 

 

post #8444 of 8494

absolutely taking a beating today.  This Finance stock has taken a harder beating then bank of america.  Seriously?

post #8445 of 8494

 

C

08/25/2011     open   28.74     target   40.50     stop   25.43

profit/day     0.90%

profit/loss    3.55

risk                 0.78%

strategy  2.1

%D0%A1-25082011.jpg

http://mystockusa.com/wordpress/wp-content/uploads/2011/04/%D0%A1-25082011.jpg

post #8446 of 8494

-5% just ugly!

 

So close to making some fresh 52wk lows if it loses $25

post #8447 of 8494
Quote:
Originally Posted by StockJock-e View Post

-5% just ugly!

 

So close to making some fresh 52wk lows if it loses $25



Yeah C is going down hard very soon. Financials in general are the weakest link in the US economy and it wont change any time soon.

post #8448 of 8494

Citi just reported and beat.

 

 

http://www.cnbc.com/id/44908888

post #8449 of 8494

C trading +1% premarket

 

Citigroup's third quarter profit was $3.77 billion, or $1.23 a share, compared with $2.17 billion, or 72 cents a share, in the same quarter last year.

Wells Fargo, the fourth-biggest U.S. bank, said net income for common shareholders was $3.84 billion, or 72 cents a share, in the quarter, compared with $3.15 billion, or 60 cents a share, in the same period a year earlier.

 

Below are comments from analysts about the results:

 

CHANNING S. SMITH, CO-MANAGER OF THE CAPITAL ADVISORS GROWTH FUND, WHICH OWNS CITI AND WELLS FARGO SHARES:

On Citigroup:

"The initial reaction Is that the earning and numbers look very solid."

"Right now for us it's just kind of a relief. We know that the underlying business models of these companies are strong the underlying businesses are performing well despite headwinds."

post #8450 of 8494

C high 29.49, could not crack over and $30 is resistance.

 

Now red after so called "good numbers", I think that speaks volumes

post #8451 of 8494

 

C - Citigroup

11/12/2011   long   30.20     target   36.73     stop-loss   28.22

profit/day     1.01 %

profit/loss    3.30

risk                 0.99 %

strategy  2.1

C-12112011.jpg

http://mystockusa.com/wordpress/wp-content/uploads/2011/10/C-12112011.jpg

post #8452 of 8494

banks taking a lickin today. 

 

post #8453 of 8494

Today is financial day!!!

 

Thank you back door QE

post #8454 of 8494

lol

post #8455 of 8494

Anybody in here?

post #8456 of 8494

still making money sense the split.  can we see high 30's this year aslong as europe doesnt drastically sink into the abyss

 

post #8457 of 8494

Still hanging on to my FEB 28 puts. Is there going to be any reason for a financial sector drop? like what we've seen over the past few months?

post #8458 of 8494

oohh thats a tough one

 

i think a decent drop is in store

 

but you might have been too early

post #8459 of 8494

I hope this run up wont be run down when there earnings are announced on the 17th.   Its hard for me to believe the analyst these days.

post #8460 of 8494

I dont think the analysts even believe themselves. They say what they need to say to get their paycheck.

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