Tuesday, January 06, 2009

I have been watching Citigroup for a couple weeks now and have a small position in this stock. My own personal opinion is that some of the financials are undervalued. Specifically Citigroup (C) (since the infusion of "bail out" money) , and Wells Fargo (WFC).I like the 3 day chart on Citigroup, (higher lows) and feel we are in a near term uptrend. I'm not trying to get rich here, just make some "golf money" so I sold the Feb $8.00 calls for .65 against the Citigroup stock. WILL TOMORROW BE REVERSAL WED. OR WILL THE UPTREND CONTINUE??????

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