Get ready to buy Citi

6 November 2008

I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the stock for longer. In time, we will see the price double. Don’t be alarmed if it falls more than my suggested target. (Remember, I originally said we could see it down to $10.40. Refer this post ).  We are turning  medium-term investors in Citi now! Good luck!

If you'd like to see how I work through US stocks in real depth, I cover this in Module 6, Module 11, and several other modules of my course built around real US stock case studies.


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