Ok, so if you haven't gotten in on Citi by now, I hate to break it to you but you probably missed the boat, at least on the sure bet, and now it's pure speculation. It has reached Book Value and anything beyond that is subject to people emotions - which doesn't mean it won't go higher, but now it's a gamble. If your lucky there's another quick 10-15% - If your lucky but I sure won't recommend it!!! Now, this isn't to say if you bought it now and held it for a few years it won't go higher than that, but if you had bought Citi back when I did you would be up over 45% on the shares, and if you had played options you would have been up more like 100%. Not a bad return on three months.
Investing isn't hard if you use your brain, and if you think your going to beat the odds by picking a stock for speculative reasons you are eventually going to run your course. Try looking for a stock that has everything to gain and nothing to loose and when you do maybe you just found the next Citi.
Thursday, August 27, 2009
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