I bought some Citigroup near the close at 1.42. I know, I know... I tell everyone I'd never buy any banks, and then I go and buy Citi on a day that it's already skyrocketed up 35% :-)
I'm betting on another +30% day for it tomorrow, however unlikely that might be. The reason it's up is because of news from their CEO that they were actually profitable for the 1st two months of 2009. Because the stock price has been completely trashed up until now, and now there's finally a bit of good news, I'm expecting more people to jump on board tomorrow. Even if it pulls back tomorrow, I think I'll hold on for a couple of days before selling. We may be in a short-term market rally here, and I think Citi will recover to the $2 range. I'm not holding for more than a few days though.
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