[ The Financial Ninja ]
22/02/2009 § Leave a comment
Citigroup (C) declined 61% from a peak of $4.10 to an intraday low of $1.61 over just 10 trading days. Bluntly put: Citigroup is dead.
Bank of America (BAC) declined 64% from a peak of $7.05 to an intraday low of $2.53 over just 10 trading days. Bluntly put: Bank of America is dead.
Dead actually means dead. It is unlikely they can survive the weekend… and if they do, they most definitely cannot survive the week.
GET OUT WHILE YOU STILL CAN!!