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Citi down yet ANOTHER 38% today new 52-week low hit

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TwixVoy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 01:46 PM
Original message
Citi down yet ANOTHER 38% today new 52-week low hit
Currently down 38% to $1.53 a share. I can now choose to buy 5 shares of Citi bank or one Subway sandwhich. I will take the sandwhich.
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thewiseguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 01:49 PM
Response to Original message
1. When the gov steps in and buys so much stake in an institution
That basically wipes out the shareholders. Same thing happened to AIG, Freddie, and Fannie.

The Citi stock is not going anywhere.
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TwixVoy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 01:50 PM
Response to Reply #1
3. You are totally right it is just that
watching such a HUGE multi-national bank go to completely worthless status in such a short period of time is incredible. It's like watching the Titanic sink.
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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 01:49 PM
Response to Original message
2. GOOD CHOICE!!!!
LOL!!!!
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