Are Financial Stocks Preparing for 'The Fall'? [View article]
I did want to disclose that after I wrote and posted this article, I decided late Wednesday (right before the closing bell) to nibble on some shares of Citigroup (C) at $4.12. Today I'm glad I did since C has broken above its 200-day Moving Average. My thesis in the article still stands, and if I get my 20% or so profit on C I will take my profits with gratitude. Knowing when to sell is harder than knowing when to buy in my estimation.
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I did want to disclose that after I wrote and posted this article, I decided late Wednesday (right before the closing bell) to nibble on some shares of Citigroup (C) at $4.12. Today I'm glad I did since C has broken above its 200-day Moving Average. My thesis in the article still stands, and if I get my 20% or so profit on C I will take my profits with gratitude. Knowing when to sell is harder than knowing when to buy in my estimation.
Aug 20 12:33 pm
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