Cant believe it could get that low without someone taking them out. I'll be watching it
closely tho. They annouce middle of Jan. and if they cut div. then I'll look elsewhere.
Dont think they will tho.

C...i had a dream awhile back that said 22.84 , if it comes true, i'll be dumping boat
loads in at that price. til then i'll be watching.

yes...the bank asked me that very question when i first opened my ira, "if i wanted to
open it for this year or last year." (really was a couple of years ago, but the way the
sentence reads you would think i just started), you can then add the max for 2007 and then
add the max for 2008 on the day you open it.

Does anyone know if I can still open a spousal IRA for 2007 as long as it is before April
15, 2008?

What do you think will be the bottom in citi? I've read $25 possible. I think $28 and I'm
fine with that level if i decide to get in. Not alot of discussion on citi like I thought
there would be. Maybe its been all talked out before, I dont know. Would appreciate some
insight. GW

Thanks Chris, those are my exact thoughts on citi. I just dont see how a company with 2.3
trillion under its control wont turn this around and double or triple. This isnt an
overnite view I'm taking, but long term, hence the putting it into the Roth.
I dont believe they will cut the div. either. Like you say, just my gut feeling on
this....Gary

just wait till march, then you should seriously start looking at BAC,then your CITI,and
the other top 5 banks that are at their historical lows will double and quadruple your
investment. its an ira you have the time! everyone is going with the flow and really not
paying attention to the bouncing ball because they are to caught up in the hoopla around
all the bad news. you have a time horizon! lot of bad advice around here follow your
GUT,because after 5-7 yrs you can just say, that was a hell of a bump in the road a while
back. remember, you might not ever see these stocks THIS low ever again for the financials
who cares . the only people who will lose out in the long term would be the ones who
thought to stay away. good luck, chris

Very bad idea... Aren't you aware that Citi is probably going to cut their dividend given
the financial state of the company (in spite of CEO's claims that they will not cut it)?
Why risk it now? Buy MO and MCD for a secure dividend, in stocks that have good upside
potential AND diversify your money. You may have quite a while of dead money if you put it
all into Citi...

Not only that but that company's board stinks and the new CEO is a questionable commodity
(notice how the stock dropped when he was announced?). Forget it.

Last edited on: 12-30-2007 09:23 pm

I'd rather buy MO on a pullback or even MCD (I own both) - both have nice divs. I've owned
MO since 2004 and bought MCD in September.

Also, U am pretty sure that in 2008 the limit has been increased to $5K. This is for
retirements, so I would also stress diversify not an all for one stock or even sector. It
is too important to gamble with.

$0.02 and Booyah
Art