October 18, 2010 | In: Financial

Citigroup: A Resilient Stock

Every day there are some bad news coming about banks: foreclosures, new regulations, etc… Of course, bank stocks are hugely affected by these bad news, there is one bank stock that is resiliently moving up: C.

I love C, I always feel depressed if I don’t own this stock. I regret not selling the stock a few days ago when it was at $4.26, but then again, this stock is always bound to move up (in my opinion).

BAC on the other hand, is one stock I really loathe, yet I keep buying, with the hope that it will go up one day. I bought again at $12.50. IMO, BAC is a good buy below $13, and right now at the current price of $11.98, it can really go up tremendously. The main difference between BAC and C is that most investors seem to like the latter but hate the former.

CVBF is finally coming up, it went up to $8.20 last week, which means, in my book, that the jinx for this stock is finally over. I still own it and I would not like to sell it at a loss. Let’s wait and see.

PS: Financials are going up in the pre-market, maybe because of this report? (I like the word “ended” in the title)

3 Responses to Citigroup: A Resilient Stock

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BAC: Is There an End in Sight? « Fadi El-Eter

October 20th, 2010 at 1:34 pm

[...] Every time I buy BAC I regret it later on, even though I vowed many times not to buy this stock, I still buy it thinking that it’s undervalued, and I still believe that it’s undervalued, but obviously the market doesn’t. BAC is now trading at $11.59 in the pre-market, there’s a huge difference between BAC and Citi, a resilient stock. [...]

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Citigroup Is Set to Jump Today « Fadi El-Eter

October 25th, 2010 at 1:25 pm

[...] same day), because I always have the feeling that this stock will always go up in the long term. Citi was resilient when all bank stocks, especially BAC, were down. If you have some money that you want to invest, [...]

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BAC Rebounding « Fadi El-Eter

December 8th, 2010 at 7:01 pm

[...] is trading 1 cent lower at $4.61 (C, a resilient stock, has been consistently up for the last few days, so probably it’s time for a little [...]

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