Smoking Securities

Half Baked High Finance

Posts Tagged ‘C

Twitter Ticker ($C)

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C090709StockTwits is buzzing about $AIG, but since that mess was discussed here last week, it’s time to look at another financial player, Citigroup. The last post on C is here, made on March 10th, suggesting a 120% rally in the works.

C continues to enjoy the benefits of an uptrend, but after issuing a sell signal on June 17th, it trades on a flat moving average below a descending upper Bollinger. A 2nd bounce off of support around 2.64 is possible, but if C breaks 2.49, things could get really ugly and lead to a retest of the March lows.

Mixed signals in a relatively negative market usually makes me cautious, but a rally back to 3.18 before a break of 2.49 is possible. There are plenty of other financial institutions in much better shape than Citigroup, so it is probably best to hunt someplace else.

Written by chucklesamadeus

July 9, 2009 at 1:52 pm

Twitter Ticker

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Citigroup (C) is making the news, check StockTwits feed for a few views.

Citigroup

Citigroup

As doomed as Citigroup may be, it might rise to 3.20.

In my last C post, I panned these folks, and for investors, they remain blokes. But for the nimble trader that likes an edge, C may offer an interesting bet. All the buyers above 1.20 have the sellers running for money. With so few asks till 2.4, this could blow quick like a virgin and whore. Risk remains high, don’t bet too much, a bounce is due, best of luck.

Written by chucklesamadeus

March 10, 2009 at 9:32 pm

Posted in C, Twitter Ticker

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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.

Written by chucklesamadeus

March 5, 2009 at 2:17 pm

Posted in C

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