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02/23/11 9:03 PM

#10215 RE: hogdog #10214

I have zero experience with calls and puts or options for that matter, and do not have the slightest idea on how to trade those. I'm willing to "Potentially" loose money in the short run because its not just citi, it's the entire market that is falling due to whats happening in Middle East/North Africa and only once that is over will anything actually rebound, there is no way that this can go to 0, it has already been labelled too big to fail, I believe we will all be happy during the shareholders conference which I actually may even go to this year if I get the time. I have been a strong believer in Citigroup and haven't decreased my investment by a single share (added more for that matter) since 2008 when I made my initial purchase of these 10k shares and I am not intending to change my mind now.

I will need to understand entirely what an put or call is before I can make any kind of decision on what to do with it and right now time isn't on my side so until summer I don't think I will get a chance and at that point I guess it won't really be worth it.

I'm still strong on my target of $8 by EOY if the Crisis in the east settles soon.