Citi group ticker symbol C is on its way to passing $5... Hedge fund managers will be betting on this stock in the short term and the long term once it hits $5 .This stock is safe to say that it will be at or above $8.00 by 2012...So for you option traders out there NOW would be a good time to buy option calls on this stock that expire 2012...
We will have our up's and down's but overall we will still be in a up trend.
Even if the stock dips you should stick to your trade.
New York – Citigroup Inc. today reported fourth quarter 2010 net income of $1.3 billion, or $0.04 per diluted share, compared to a net loss of $7.6 billion, or $0.33 per diluted share, in the fourth quarter 2009. Citigroup net income for full year 2010 was $10.6 billion, or $0.35 per diluted share, compared to a net loss of $1.6 billion, or $0.80 per share, in the full year 2009. Citigroup revenues in the fourth quarter 2010 were $18.4 billion and included negative CVA of $1.1 billion. Excluding CVA, revenues of $19.5 billion were down 6% from the prior quarter, principally driven by lower Securities and Banking revenues and lower gains on sale of AFS securities in Corporate/Other.
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