March 5, 2009 March 5, 2009 By charlie In

The Top Ticker on Twitter

The falling giant Citigroup (C) filled the Twitterspace on StockTwits.

Citigroup

Citigroup

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.