Some of you might think i am obsessed with Citibank and Fannie Mae. YES I am because they wont tell you the truth.
Let me ask one question, why did Citibank just offer out $3 Billion in additional stock after hours, essentially diluting the amount of shares outstanding, why? If they dont need more monies as the talking heads keep on saying why>? Stock is currently down 4% after 4pm, we will see how this will play out in the next few days.
Citibank is a $15 at its best. Don't believe the street.
Financials are no where near a bottom, this is just a bounce in a bear market sector for them.
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- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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