| I got interested when I noticed CitiGroup [City bank stock symbol "C"] was selling at .97 a share last Friday. That's less than a buck a share for a major bank. Since that time, others are getting interested and it closed around 1.54 today. I'm interested. As soon as my cashiers check hits the brokerage in FL and I get my account funded I am buying C if it stays anywhere near this level.
This is a stock that was trading at over $20 a share last year. Will it get up to that point again? I don't know. Will it get significantly higher than 1.55 a share over time? I think so, but don't know for sure. Will it go under? Since the US govt owns 36% of C's shares, probably not.
Sooz
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Nothing sickens me more than the closed door of a library - Barbara Tuchman |