Colorado Stark

Will Citigroup (NYSE:C) Become the Next Penny Stock?

by Colorado Stark April 18, 2008

Watch the video to learn about the probability of Citigroup Inc. (C) Chart Signal as of Oct 26, 2014

This free program will calculate the probabilities of Citigroup Inc. (C) stock chart

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Citigroup (NYSE:C , C message board) is (or was) the strongest financial institution in the world. But lately the very viability of the 196 year old institution has been brought into question. Today's earnings results while greeted with applause from last nights closing prices have not yet fundamentally changed market opinion on the stock.

Citigroup-NYSE-C.jpg
Citigroup Center in New York City Depicted in this photo.
Last fall Citigroup shocked wall street analysts with catastrophic losses mounting to nearly $10 billion dollars. If not for a bailout by a certain Saudi Arabian prince who is also the largest shareholder, there is doubt as to whether the lights would have remained on.

The latest results were a loss of over 5 billion. This show some sign of improvement, but still the company continues to lose money at a pace of about $55 million US Dollars per day. But hey it beats last quarter where losses were over $100 million per day.

Analysts were expecting the loss to be about 5% smaller. Investors must have had less faith than that. This is evidenced by a positive reaction to the negative news. This morning, shares were up over 8% in pre market trading.
Colloquially speaking, today's announcement and reaction seem to be positive. However, the underlying questions about the ammount of further damage shares in Citi will suffer due to the US financial crisis still remains unanswered. And investors from 2007 are still sitting on a hefty 50% or so loss even with today's spike up in price.

Citigroup-stock-chart.gif


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Watch the video to learn about the probability of Citigroup Inc. (C) Chart Signal as of Oct 26, 2014

Hotstocked Precision will calculate the probabilities of Citigroup Inc. (C)

Rating:
Size: 656KB
Version: 1.1
Platform: Win/Mac
Downloads: 800,000+
FREE DOWNLOAD

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