Monday, November 12, 2007

Best Pick of the year?!

At the current market condition, I am pretty glad in a way that the market dropped because it gave me an opportunity to bottom fish some of the stocks thats I always wanted, but find the price a little too expensive to get in.
The market might be on a pullback from all the heavy selling. However, one of the best long term stock would be C, Citigroup. This stock has fallen from the 60's to the 30's in a week. One could say there was a great pullback.
I am not going to put a chart up for technical analysis because this is one of the stock I am going to hold on to for a while. Have 1000 shares into this for long term.
Love the dividends and risk/reward ratio. Would pop back to the low 40's or high 30's very soon. Short term traders can also benefit from this.

Would start to daytrade within this upcoming week

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