Citit bank

B

Bogan7

At 5 bucks this stock is implying bankrupcy isnt it? (I dont know much about US stocks) I always read under 5 bucks in US is bad for a stock.

Jim Rogers was right again
 
price on its own does not imply anything. only the price level which buyers/sellers perceive as fair value.

since c in particular has fallen off the cliff at gathering speed you can infer some sort of misfortune is imminent. that would have been easier if the whole stock market was not in a state of panic as it is today.

the bond market is a lot better at actually providing quantitative ways of calculating default risk. so look at citi bonds and cds for "better" clues.
 
Institutional investors usually "give up" on stocks that get below $10 and $5/share. It'll be interesting to see if C can stay above $5. :(
 
Quote from ctheo1:

price on its own does not imply anything. only the price level which buyers/sellers perceive as fair value.

since c in particular has fallen off the cliff at gathering speed you can infer some sort of misfortune is imminent. that would have been easier if the whole stock market was not in a state of panic as it is today.

the bond market is a lot better at actually providing quantitative ways of calculating default risk. so look at citi bonds and cds for "better" clues.
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Isnt this what happened to AIG? the stock was tanking, followed by a downgrade which caused them to put up more collateral? Im not an expert in financials so i dont know if that senario could happen with citi.
 
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