The Top Ticker on Twitter
The falling giant Citigroup (C) filled the Twitterspace on StockTwits.
Cheap stocks tend to get cheaper as participant psychology creates a negative bias and forms strong overhead resistance.
C trading below a dollar is neither shocking nor tragic. Privately, I’ve been ranting about these Ponzi fuckers for a year, but I finally made a post in November 2008 here. Although my first public cry against Citi was months behind the curve, it has managed to fall another 75%.
Do yourself a favor, stay way from this POS investment or treat any purchase like a call option that expires tomorrow.