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| Trader Wizard Perspective Daily global capital markets advice "Blog" posted before the NYSE morning bell and throughout the trading day. | ||
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| Who is Trader Wizard? | ||
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| Trader Wizard's Mission
My goal with this Ezine, other than enjoying the challenge of a weekly ‘buy or sell’ recommendation, is to continue the independent investor information, education and facilitation process started with Trader Wizard. | ||
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| Articles by Trader Wizard | ||
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More About VIX The Bear's return Where is Nautilus? Where to from here? India Stocks re-visited Trouble for GOOG Buyers Rally or Window Dressing? Investor Strategy for Brazil Is Boeing Order A Big Deal? A Technical Look At The Dow Portfolio Management Tactics | ||
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| Security Traders - Writers Guild | ||
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Security Traders - Recommended reading:The Stock Market Jungle
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| BUY or SELL Recommendation on Citigroup | |
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Citigroup (NYSE: C) Sept 17 close: $46.95 RECOMMENDATION: SELL Strategy: Buy C=MJ January 2005 Puts Strike@50 Price to be calculated at the market open September 20 (C=MJ Sep-17 close @ $3.80) OneChicago Single Stock Futures (C1C): C1C Z4 (Dec 04) $46.79 Among general reading, here is the material I used to make this decision: EasyStock Interactive charts: Monthly, Weekly, Daily, Hourly, 30-Minute plus Reuters data at Yahoo Finance and the ValueLine study. |
| The case for selling (the stock): | |
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1. Earnings would suffer in a rising interest rate and falling PE-multiple environment. 2. Bottom-line rate of growth is expected to slow for 2005. 3. Reputation is under attack as overseas regulators are finding fault. 4. Client class action suit could be damaging. |
| The case against selling (the stock): | |
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1. Earnings growth has been impressive and PEG (PE to Earnings Growth ratio) is only about 1x. |
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