Well, I didn’t get it when the stock was traded below $1 a share for the first time ever, I actually got in a little early.
I sold 360 shares of HTX that I bought on December 4 last year (made a little profit from the trade) and used (part of) the money to buy 600 shares of Citigroup (C) at $1.05 a piece. Did I just catch a falling knife with my bare hands?
Four months ago I was wondering whether the stock was buy back then. The difference between now and then, of course, can be seen clearly from the price of the stock: Then $9, now $1. Can it go even lower? That’s entirely possible, given how much C has come down this year already. But I still like to take my chance with this dead mouse. Let’s see how high it can bounce
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