looks like profit taking

Discussion in 'Stock Market' started by wimpy77, Mar 13, 2009.

  1. wimpy77
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    wimpy77 Member

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    it looks like to me that the sellers are taking profits today.
     
  2. DavidS
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    DavidS Anti-Tea Party Member

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    eh. we're barely down.

    What's interesting is Citi's stock price has almost doubled in the past week. Last week citi was at .98 cents a share. Today's it's hovering around 1.80. That's close to a 100% return.
     
  3. editec
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    editec Mr. Forgot-it-All

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    If the government gave me $306 billion dollar guarantees, as they've given Citi, my share values would go up rather considerably, too.
     
  4. Valerie
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    Valerie Gold Member

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    :thup: Nice to have a bit of positivity this week!


    Bulls Betting on the Demise of Mark to Market, Revival of the Uptick Rule: Tech Ticker, Yahoo! Finance
     
  5. manu1959
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    manu1959 Left Coast Isolationist

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    kinda makes you wish you had bet 10k on them.....
     
  6. wimpy77
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    wimpy77 Member

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    yep, basically the house committee basically told the regulators they could ease mark to market or they will do it for them and gave them three weeks to do it.
     
  7. auditor0007
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    auditor0007 Gold Member

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    I'm sure that everyone who has held this stock for a few years is just jumping up and down with overwhelming joy over this news.
     

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