if u remembered the last time when C was lifted out from $2 days, it was due to a profit in the quarter...

This quarter, C has sold more of its assets, kept its profitable part of the businesses running & making money, no more revaluation of its CDOs & derivatives, etc (i.e. the toxic assets has already been discounted in the share price) --> so i'd expect a profit this quarter...and a lift to > $5

also as most of you will know here, most institutional investors & pension funds are barred from buying shares <$5 and if this quarter's profits can really change things around, you might see one of the greatest rally this year!

Compared with BAC, 62% of BAC is institution-owned while for C it's only 18% -> i see no problem for the C to find a buyer to exit the TARP program as well.

Anyway, we'll see when next Q results will be announced on Oct, insider buying seems to indicate potential positive news:

"The news is sufficiently bullish that Chairman Richard Parsons, new Citibank head Eugene McQuade, and Manuel Medina-Mora, the chief executive of Citigroup's Latin America and Mexico business, recently bought 1 million shares of stock apiece.

The buy from Mr. Medina-Mora follows a nicely timed $1.86 million purchase in March, when he paid about $1.24 a share."

http://www.bloggingstocks.com/2009/08/21/i...at-citigroup-c/

i think ACH only limited to US, that's why it's free.

btw, you got margin account with TD Ameritrade? I applied last time but was rejected. Is there like a minimum requirement for the funds you have with them?

thanks, danmooncake...i'm already Apex but no margin facility...maybe I should threaten to leave...lol