Soros sold his stake. (5/17/10)
Paulson is standing pat. (5/18/10)
Goldman Sachs raised Citibank to Buy from Neutral (5/24/10)
The U.S. government sold 20% of its stake, and is looking to sell the rest. Downward pressure on shares. (5/26/10)
Qatar is thinking of taking the rest of the U.S. stake. (5/26/10 NYT blog)
Jim Cramer said it's not too late to buy Citi. (5/27/10)
Bill Ackman said his Pershing Square bought 150 million shares (5/26/10)
Dick Bove of Rochdale Securities says the stock should be "aggressively bought." (6/2/10)
Citibank disposing of Student Loan (9/17/10)
Mario Gabelli, Ken Fisher, Bill Ackman, Ken Heebner still adding in second quarter (6/30/10)
= = = = = = =
Announced government sales will inhibit price appreciation. Why the government is so public about its policy is beyond me. Until this selling is accomplished expect nothing.
Vikram Pandit was excoriated for an expensive bottle of wine, but won the 2010 Banker of the Year Award. I watched a video of his current plan. It is very straightforward. He plans to take advantage of its worldwide brand.
Recommendation: Buy
Disclosure: Owns Stock
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