Citi Stock Soaring, $4 Coming Soon

On December 21st, I recommended everyone to invest within CitiGroup (C) based on several assumptions.  I believed that such a large brand could neverdissolve so fast.  Just check out these few basic numbers about CitiGroup.

1. Market Cap $78 Billion

2. Daily trading volume of 3 billion shares

3. Enough shares to give everyone in the world 4 shares, 22.86 billion to be exact

4. Billions of dollars in revenue the past 5 years

5. Stock price hovered around $50 from 06’ to 08’

All these numbers gave me faith in believing that Citi would rally sending the stock much higher.  Well until this week, CitiGroup has largely been a dissapointment doing very little in the past few months.  However this week the spark was finally ignited sending Citi up to a close of $3.96 today.  This was the kind of rally I have been looking for sometime and I don’t believe it will stop anytime soon.  Bearing any catastrophic bad news being released in the next few days I believe Citi will go well over $4.  Citi has made some strategic moves selling off bad assets to many various firms including Apollo Management. Cutting out the waste will only prove more beneficial for Citi in the long-run.  This gives Citi the ability to return to normal operations, which in most cases was very successful for 20 of the past 22 years. A 91% success rate, in my mind that’s all right. Now the key question is what is the government’s exit plan? Currently they hold around 7 billion Citi shares. With the recent surge I believe it would be a smart time to get out and allow Citi to not be beholden to the Government. There’s still a long way to go but I still have faith that Citi will continue to rise higher and higher.