Posted by: dikush April 15, 2009
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I know they were bailed out that doesn’t mean they were in liquidation like the Circuit City. Citi already has 2 billions in profit in first 2 montsh and Wells Fargo has 3 billions in profit, first 3 months. What this shows is financial market is getting rebound.
Look at the month ago history City’s share were 0.97 cents and it’s around $4 and I bet it’s gonna go up again. If you had invested 1000$ a month ago, it would have been 5000$ buy now.
Citi is too big to fail so does AIG nobody can afford it . It’s a gamble (mostly on your side) if you lose, you lose 1000$ but if you win 50,000$. Citi’s share was around 50$ less than 2 years ago.Last edited: 15-Apr-09 01:29 PM