I'm not going to give a class on trading, but here's what I'll say. Everything is about risk/reward. I am not a sell side analyst, I don't need to give my opinion on every stock at every point in time. When you run money, the whole point is to trade with an edge, add value to the process, and when there is no edge, just ignore the stock. Yes, Citigroup went from 3.20 to 5 bucks and I took no part in it. If you look though in early March I did recommend that Citigroup was a good trade above 3.50 to 4.30, and then, the trade was over, I had no future opinion. At 5 dollars it was a sell, and I said so. And now, I once again have no opinion, and I don't need to have one. Long term Citigroup is not a stock I would want to be invested in, on a relative or absolute basis.
I would guard against that type of thinking. Always ask yourself, if I didn't hold this position, would I buy it here today? That goes for positions you see a profit or a loss in, never be afraid to sell a stock, there are plenty out there.
Reverse Split for Citigroup? [View article]
Reverse Split for Citigroup? [View article]
Reverse Split for Citigroup? [View article]
Reverse Split for Citigroup? [View article]
Reverse Split for Citigroup? [View article]