Author Archive
Burger King
I made a quick trade on Burger King. This is the second M&A trade of the year. The other one was the 3COM deal.
Added 2 my Citi position
I added to my Citi position at $3.92, $3.87, and $3.72. The next major support area is $3.62. If it drops to this price, I may add a bit more. If it doesn’t, I’ll be patient and hold until this stock returns to $4.20 or so.
A little premature on Citi
Yesterday, I became too impatient and bought Citi at 4.01. I was tired of seeing it trade down to this level only to go up to the 4.10 – 4.12 range. I should have waited for the stock to trigger my buy order at 3.77. This morning Citi traded down to 3.92 and I added [...]
Looking to Get Back in Citi
I looked at the chart of Citi and a good entry point would be at 3.87. I don’t know if will be back down there.
Citi is going down
After the runup in Citi the last two weeks, the stock is down to 4.09 today. The earnings release is due tomorrow before the market opens and the stock could go in any direction. I don’t know what the stock will do but I know the government can resume selling shares. This selling pressure may [...]
