Citi: Yes We Can (Not Be A Penny Stock)!

Choire Sicha
The Awl
Published in
1 min readApr 15, 2010
ZOMG C!

I jumped the gun a little bit on August 27, when I very nearly believed for real that Citigroup stock would hit $5. And on April 14, when I hoped it would maybe happen that quarter. BUT GUESS WHAT! After announcing they’d sell off their hedge fund biz

, the stock is hopping around at $4.94 to $4.99 this morning. Who’s too big to fail? Whoooo is? Who let the banks out! Who? Who who who? AND THEN, at about 10:05 a.m., it hit $5! And then went down to $4.99. And then it hit $5.05, after a spike in volume! WHERE IT IS SORT OF HOLDING STEADY? COME ON PEOPLE LET’S DO/BUY/RESCUE THIS THING.

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