Citigroup at $6.40 a share!? This HAS to be a buy down here!
Answers
474 points
spider348 answered one year ago …
I would not invest my hard earned money on an assumption like that. It still possibly has $6.40 lower to go !! Wait for some kind of trend reversal signs, chart patterns, news, capitulation something before you leap. Then don't jump in with both feet, put in toe in first.
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3963 points
MNSL answered one year ago …
Spider348 is right. This is the time to invest in next rotating sectors.
Some stocks will stay in the same price for ever.
102 points
ToeCutter answered one year ago …
You might have said this at $20, at $15, at $10......
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120 points
roy answered one year ago …
I own (C) @ 21.20 I also own March 09 17.50 protective puts as to selling the puts yet the answer is no as to buying or longing more shares the answer is still no. why cause the news and charts and rampant market says so.However in saying this you need to look at your time frame.I am going to see how low it goes and if I can grab somemore at 2 or 3 I will and just sit on it long term. who knows maybe we will get real lucky and buy it for a quarter. bottom line is be patient and don't try to catch a falling star in a sector downtrend.
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