On the flip side, it poses a question - does one lock in a quick profit now, or would it be better to keep holding Citigroup for more upside, knowing the trade-off is a longer holding period? There's not an easy answer; even when I suggested the trade I saw short-term as well as long-term reasons to buy it.
I'll leave the final decision up to you, as only you really know what your timeframe and risk tolerances are. However, I do have a suggestion... split the difference. If you don't know whether to sell or hold, I recommend you sell some of your position, and keep holding the rest of it. It's the ultimate hedge.
More importantly though, I see a few more trading ideas like this coming our way - scenarios where a company is finally going to shrug off a burden in addition to improving its fiscal performance.
Stay tuned to the newsletter for those (but see below for today's picks).