Tuesday, January 15, 2008

Cramer bailing on Citigroup

Jim Cramer is finally throwing in the towel on his Citigroup shares. He purchased C earlier in 2007 for an average cost basis of $53.47. Holding the shares all the way down, today he has finally seen the light and is recommending it's sale. At about $27 a share, that would be a realized loss of about 50%. Mad Money, indeed.



Anonymous said...

Allan,this is similiar to these analysts who downgrade a stock AFTER the stock has lost half it's value.Most of these Wall Street people are useless to traders.

Allan said...

Most of these Wall Street people are useless to traders

JJC at the top of the list.

Anonymous said...

That or a new investing strategy....simply SHORT anything Cramer recommends....I'd bet we would make millions.


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