- November 3, 2008
- Posted by: Ramki Ramakrishnan
- Category: US Stocks outlook
Some of you must have bought Citi when it was trading below $12. (see my post Let’s join the “Rescue Citi” effort! ) Sure I am looking for this stock to double in the medium term. But if you are like most traders who want to pocket some quick money, then be ready to sell on any move towards 14.50. I don’t think we will get past 15.25 this time, and would be more than happy to sell at 14.50 and wait for another dip to buy again.