During this market rally attempt financial sector was doing very well. During last 30 days this sector rose by almost 44%, its three months performance is about 52%. Even though banks are not out of all of their problems I do not expect any further dramatic drops. A stock I had in front of my scope was Citigroup (C).
I decided to open a small position of this stock:
05/08/2009 11:26:09 Bought 47 C @ 4.0194
I expect this stock may double by the end of the year 2009. I set my stop loss @ $3.13 for this position.
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