Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > Dockside Chat
Reload this Page >

CitiGroup/CitiBank A Penny Stock?


CitiGroup/CitiBank A Penny Stock?

Old 03-05-2009, 02:38 PM
Senior MemberCaptains Club MemberPLEDGER
Thread Starter
Join Date: Dec 2004
Location: Not in Texas
Posts: 10,213
Likes: 0
Received 6 Likes on 4 Posts
Default CitiGroup/CitiBank A Penny Stock?

Today CitiGroup dipped to 97-cents a share, bounced back to $1.02. When stock gets below $1/share, is it considered a "penny" stock?
Old 03-06-2009, 04:46 PM
Senior MemberCaptains Club Member
Join Date: Mar 2002
Location: FL
Posts: 20,182
Received 996 Likes on 550 Posts

Old 03-06-2009, 04:51 PM
Senior Member
Join Date: Aug 2008
Location: Kill Devil Hills, NC
Posts: 1,581
Likes: 0
Received 3 Likes on 3 Posts

I think it's actually considered a penny stock when it is below 3 or 4 bucks.

I bought 25 shares today although I'd probably be better off putting $25 on the blackjack table.
Old 03-06-2009, 05:04 PM
Senior Member
Join Date: Dec 2006
Posts: 1,069
Likes: 0
Received 1 Like on 1 Post

The government owns about half of Citi. (C)

The shares outstanding are 5.5 billion.

Buy the remainder at 2.75 billion at a dollar and you own the balance of the company.

I's sure they will fully disclose all of their liabilities and holdings to you before the sale.

And if you want to own some jets and big real estate you should go for it.

After all, most people on the news think the market can't go any lower.

Also, it might make me comfortable if you would buy the whole shebang!

Go get it!
Old 03-06-2009, 05:37 PM
Senior MemberCaptains Club Member
Join Date: Feb 2007
Posts: 6,253
Received 283 Likes on 157 Posts

Smith & Wesson is up 75% since early December.


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.