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Citi A Buy ?
- Thread starter bgp
- Start date
I averaged down a little today also, right at the high. Well if nothing else with the dividend you are still getting over 4% return on the stock.
bgp, i'm long too short term but staying away from financials because the fresh capital they have taken onboard has essentially scuppered their earnings. All this fresh money was gauranteed a ROR (pretty high ROR considering these are some of the best assets in their class) which essentially eats the earnings up screwing the common stock investor. I favor tech and EMs as having the best shot at participating in any short term rally.
I don't use volume for much but it has a great track record for calling short term bottoms (or leting you know they are very close). The volume on the 16th and 17 would seem to lend credence to the theory that we have put in a short term bottom or are a session or two away from one. Also, most charts look like they found some support.
I don't use volume for much but it has a great track record for calling short term bottoms (or leting you know they are very close). The volume on the 16th and 17 would seem to lend credence to the theory that we have put in a short term bottom or are a session or two away from one. Also, most charts look like they found some support.
You'll get some Abu Dhabi BS pump sooner or later again in this POS. Get the F out when the next C sucker rally happens.