Citigroups "Massive Potential"
Citigroup took a massive hit in the 2008 housing crash and never quite recovered. The investment bank is currently the largest position in Michael Burry's portfolio. The current hesitancy in tech stocks and the speculation over a "tech bubble" are causing a resurgence in value stocks and longer-term plays. Citigroup has been in a bullish trend since the crash and is only showing more signs of a pump. The fib levels are showing a possible run-up to 900$, but I will be taking profits at all of the levels marked, halving my position sizer at each. A stop-loss at 41.5$ would assure that you don't get caught up in any lower lows, as long as we stay in the bullish trend by making higher lows this position is safe.
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