Smoking Securities

Half Baked High Finance

The Top Ticker on Twitter

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The falling giant Citigroup (C) filled the Twitterspace on StockTwits.

Citigroup

Citigroup

Cheap stocks tend to get cheaper as participant psychology creates a negative bias and forms strong overhead resistance.

C trading below a dollar is neither shocking nor tragic. Privately, I’ve been ranting about these Ponzi fuckers for a year, but I finally made a post in November 2008 here. Although my first public cry against Citi was months behind the curve, it has managed to fall another 75%.

Do yourself a favor, stay way from this POS investment or treat any purchase like a call option that expires tomorrow.

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Written by chucklesamadeus

March 5, 2009 at 2:17 pm

Posted in C

Tagged with ,

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