Whos buying CITI at 99 cents?

Why buy it? Every tick down is a 1% move at this point. You can easily lose half of your investment fast if it dropped to .50

Remember it is a PENNY STOCK. Just beacuse it is Citi and not just some crappy dot commer doesn't mean you should look at it differently. It is what it is - crap!
 
Quote from lpchad:

Why buy it? Every tick down is a 1% move at this point. You can easily lose half of your investment fast if it dropped to .50

Remember it is a PENNY STOCK. Just beacuse it is Citi and not just some crappy dot commer doesn't mean you should look at it differently. It is what it is - crap!
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Dead cats still bounce ya know.
 
Quote from lpchad:

Why buy it? Every tick down is a 1% move at this point. You can easily lose half of your investment fast if it dropped to .50
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On the flip side, every tick up is a 1% gain and you could easily double your money if the gov't makes some announcement that even smells favorable....not saying that I would touch it, just saying

I'm just hoping my Citi account # and routing number don't have to change; what a pain to update all the entities that do auto-debit against my Citi checking account.
 
It's funny watching the level 2 on Citi today.

Most stocks are blocks of 100, 200 or 1,000

I see lots of orders of 10,000, 20,000 and even 40,000 coming over for Citi

LOL
 
Shouldn't this thread be closed since Citi is a Penny Stock? They are not allowed to be discussed at ET.

OR

Will ET scramble to modify the TOS like the exchanges are to sub $1 stocks not becoming delisted :p
 
Quote from TGregg:

Eventually we'll have to do the right thing. Take over, slice up, sell off and close down. I would imagine they'd spring this on a friday afternoon at 4:00 or so. It'll be hard to find buyers for all the slices of BAC and C at the same time, but if they just did C, everybody would bail on BAC and make it even worse.

I wonder if they'll do it this weekend?
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Hum...I remember Bernanke saying "too big to fail" ? So hedgies have to sell it off to ZERO, I guess ?
 
Wall Street's dollar menu
GE 3/5/08: $33.55 Today: $6.79
BAC 3/5/08: $37.55 Today: $3.23
GM 3/5/08: $22.97 Today: $1.85
C 3/5/08: $22.15 Today: $0.97
AIG 3/5/08: $44.61 Today: $0.38

:D :D :D
 
Quote from plugger:

I just bought some just for the stock certificate. I've been collecting these goodies as each goes bankrupt. Something to give the kids who are growing up right now but don't understand right now and will have forgotten by the time they are 18.
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Probably the most incredible era since the end of the middle ages is upon us. A 500 years cycle seems about right actually. That is how long the Roman Republic lasted (about that).
 
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