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Grisham | Will Citigroup (C) ever get back to $50 a share again? |
If so, how long do you think it will take? |
 |
 
A nobody
|
who knows, if we could read tomorrow's paper today we'd all be rich.
Citicorp is a very large global bank. It has the support and backing of not only big investors, but gigantic sources of money who have already invested their money and are willing to make additional investments.
Personally I think Citicorp is a good investment for the long haul, I'd rather wait since the stock is selling below its 50 & 10 day moving average. I'd feel more comfortable buying into it when the 10 day crosses over the 50 day.
If you've been following this for a while, you know the high teens look very tempting. |
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w_t_isc
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it really depends on how fast our economy revives itself. But yes, i believe that once out of this slump the economy will be better than it ever was.
to the guy above, selling only worsens a recession. The best thing to do when investing stocks, is to leave your money in for the long run, good and bad. |
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▲ßûІІѕ vÅŸ ßèÄÅ—Ñ•â–¼
 |
yes in about 3 years +
the bottom is not near yet.. wait till august. |
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jeffery d
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Oh my god! The stock market is crashing!!
You or someone you know probably have investments somewhere and are probably worried about their investments. If you haven't been aware, the United States might be entering the recession, if it hasn't already because of all the bad mortgages that are defaulting and people foreclosing their homes. I'm a bit shame about how Citigroup was involved with the bad mortgage lending anyway, this is not about the mortgage, but how investors are reacting to the stock market. There are smart ways to handle it and there are bad ways. It all depends on the current situation.
The smart thing to do is think to yourself that everything on the stock market is on sale and its a great time to invest. If you look at the history of the stock market, it has its ups and downs, but the long term trend is positive growth. Take a look at Citigroup stock. It fell from around $45/share a month ago to $25/share couple days ago. What does that mean to you and me? Absolutely nothing. The company is still worth around $1 trillion and the company is so freaking huge, I'm pretty positive the company will bounce back from its mistake.
A not so smart move, but not a dumb move either is to wait it out and then invest when the market is doing well. This is good for people who don't have the money to invest, but expect to have money in the future. |
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Felipe B
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Probably when the exchange rate of US Dollars to Euros nails 5 to 1. |
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Net Advisor
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Ever?
We'll as long as it doesn't go BK or gets bought out below $50, then someday it should get back to $50.00
You may have to wait 3-10 years.
Good Luck! |
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AndOfHisChrist
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Only if the government will step in to fix this sub-prime, interest only loan mess. This is what happens when people want to live beyond their means, and the bankers don't show them the fine print. People thought they would buy expensive housing and then flip it for a quick profit. Only problem was that with the flood of 7 million buyers on interest only loans, the market was saturated and the housing market plummeted. |
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David K
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No. Recession coming. SELL!!!! |
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