Saturday, April 18, 2009

Friday, April 17th. The Fun Fund End of Week 1. aka: big bowl of suck.

Didn't go quite as planned yesterday. Earnings report came out Friday. Citi reported a smaller loss than expected and greater revenues than expected. The after hours trading was strong and Citi opened at $4.15. Then, as expected, came the dip. but it wasn't a dip. It sunk. The stock made a quick run down to $3.60 and never really came back up. It closed out Friday at $3.65. So much for $5! So I'm married to Citi for the weekend. Don't know what Monday will bring and need to think about where my bottom end sell point will be. Right now I'm realizing about $0.65 profit per share, but I'm starting to think that my hopes of Citi revitalizing the Fun Fund may not happen. Here's where I stand:

C Citi $3.65 30.000 $109.50

That about an $11 drop over yesterday. Boooo.

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