Hold C Stock will touch 5 dollars again next week Bullish on Citigroup Inc (NYSE:C)
Submitted by vinny on Sat, 10/17/2009 - 11:55.
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After the citigroup inc (NYSE:C) earnings announcement, we seen widespread panic amongst C stock holders, who sold C stock in desperation. The best thing was to Hold C stock and wait for the recovery. There is a saying, "Those who sell in desperation always sell cheap". The panic continue later in the week and Citibank stock went down to almost $4.60 in after market on Friday.
Since Bank of america (BAC) posted bad earnings results this dragged Citigroup shares down further. However, there are increasing number of analyst who believe C stock hold potential to bounce back to $5 dollars. I myself is bullish on citigroup and it has short term target of $6 by November 2009.
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