Monday, December 27, 2010

Citi (C) rebound?

Citi traded well today, but it was on low volume, at least for Citi...  our Jan 13 4.50 calls have still held well even with the pullback, only once breaking even where we added to our position... We are still bullish and even if they can't resinstate their dividend until 12 they should still push further north and once the $5 price is broke and holds institutions will be buying...

Happy Trading...

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