August 19th, 2009

I don’t always agree with Jim Cramer from CNBC, but I think this call is on its mark - http://www.cnbc.com/id/32320452

I personally purchased some Call options on Citi that expire in a couple of years (LEAPS) when the stock was at around $3.5, but I did so on the basis of simple math and some research and had Citi valued at ~ $4.39 book value. This is a stock that I think is going to make it’s way back up in the near future, and I could see you making 25%-50% on this investment within a year or two if you bought it now.

I have been following it closely since May and it’s starting to make a turn for the better, I personally am up ~ 50% on my options investment thus far.