Saturday, February 21, 2009

CitiGroup

In last year, someone told you could bought in Citigroup at USD2.00 per share. Immediate reaction of you is scold him "crazy". But yesterday night, the impossible matter become as real. The shares price had drop more than 20% at one day and closed at 1.95.

This is a story to tell you, anything can happen in this world. Malaysia market still stand above 850 points because of politic issue. If this support reason would gone, the share price will drop like rocket to reflect real economic fundamental.

Holder would had more advantages at this round but soon we can see holder will lose everything in the coming 40 days. If i am not mistaken, Citigroup last year was hit down to 2.85 lowest but finally go up to 6.00. But today all gain lose in the air.


No comments: