InvestorsHub Logo
Followers 3
Posts 226
Boards Moderated 0
Alias Born 09/12/2008

Re: Wamook post# 2881

Friday, 11/21/2008 2:10:57 PM

Friday, November 21, 2008 2:10:57 PM

Post# of 42851
well I would take the 30G and dump it into H and K and be happy
or I could only use 20 and wait for citi to go belly up and use the other 10g to buy citi at .01 and sell when it hits .10 the next week. still be happy....see below


As stock plummets, Citi on the brink

Government help may be only option as market cap falls $160 billion in a year

By Sam Mamudi, MarketWatch

Last Update: 11/21/2008 1:52:00 PM

NEW YORK (MarketWatch) -- This time last year, Citigroup Inc. was valued at about
$180 billion. As of Friday morning, its market capitalization stood at $20
billion -- and its once-proud share price had shriveled to $3.75, a 16-year low.

Citigroup's share price has dropped more than 60% this week, and analysts are
starting to wonder just what the future holds for the financial-services company
(C), a Dow Jones Industrial Average component.

There are several options facing Citigroup as it tries to stem the decline.

It could sell some of its business units or even sell itself whole -- both are
under consideration, according a Wall Street Journal report -- or it could try to
buy itself time and gain market confidence by firing Vikram Pandit as chief
executive.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.