Will C Ever Go Past The $3.02 ?
Q: All the Gurus, Could anyone please tell me, if C can go up to at least 3.5 in the near future? I have this stock @ avg price of 3.02. Even if crosses 1 cent, I am ready to sell....bu the question is if it can ever reach 3.03??
A: EVER? Yes. Soon? depends on your definition of near future. April 17th could be a very good day for you, or it could be the day you decide to sell for a loss and end the anxiety. I'm in @ 2.84, and am waiting for earnings reports to see if I sell on the 17th when C reports, or on the 20th when BAC reports. I think WFC and JPM report before C, so soon we will see if the sector is posting profits or not... The only problem with this is.. that when it does go above your 3.02.. and you sell for 3.03, it will be going higher.. and you will wish you could have sold it higher.... Just imagine what you will be thinking a year from now when this stock has recovered and you sold your shares for 1 cent above what you paid for them? I do understand your worry but try to think of a months time view. If you can make an extra 5 or 10k by waiting a few weeks. It will be in your best interest to wait out the 2$ territory.. (at least into the mid 3's). Faber said he bought some commodity producers in November and is now less "interested" in these companies after some stocks more than doubled. He is also buying some bank stocks and predicted that Citigroup Inc. shares could "easily rebound" to around $5 from $2.72 currently. "The rebound potential for some of these banks and financial institutions is quite high," Faber said. Well duh dumbass.. its called a predition, of course its inaccurate. I am basing it off a trend that citi has. My time is far from wasted, thank you for your concern though. Given the title of this discussion, if you didn't want to see predictions, then dont read it then. Simple. Its ridiculous of how many dumb people are on this board.
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