Citigroup, Inc. (C)

CAPS Rating:

A diversified global financial services holding company whose businesses provide a range of financial services to consumer and corporate customers.

View All Commentary (C)

Recs

6

Avatar humaninvestor (26.57) Submitted: 2/06/08 6:26 PM : Start Price: $26.42 C Score: -32.16

Build position in 4 phases each of 25%. Select how much you want to invest in this stock and in first phase invest 25% amount of total investment you want to make.
If stock goes down [15%] keep averaging by adding 25% each time. Not more than 1 time in 1.5. months. So if stock keeps going down for 6 months you will be fully invested.
If in between stock keep going up don't average and go out if gain is 20% on investment.

Report this Post Replies: 2 | Reply

Avatar unvrsldeflation (80.21) Submitted: 4/18/08 3:05 PM

Recs: 0 | Rec This

I like Citi in the long term. I own them in my personal portfolio. I don't own many shares yet. If they go down again I am planning on doing the very thing you suggested. I am being very careful with this one.

Report this Post Reply

Avatar corymcnulty (92.47) Submitted: 6/20/08 10:37 AM

Recs: 1 | Rec This

Talk with the people that used that strategy while investing in Delphi, Enron, GM, Countrywide, Ambac etc.
It is not wise to use the stock market as a casino. Just do your due diligence on a stock (better yet, get a financial advisor), if you like the company and it is selling at a discount, buy it and sit on it. That is how you make money investing.

Report this Post Reply

Citigroup, Inc. (C)

6

Featured Broker Partners