Citigroup Rally Is Complete Nonsense

April 18, 2008 9:36 AM

If you want to be long financials, I would exit C here and swap it out with XLF. This rally in C is total and complete nonsense, IMO. Their problems are not even close to over, and there is substantial risk still in the stock. SP also placed them on credit watch right before the open.

Written by Tom@StockBlade.com · Filed Under C, XLF