Hope you all did well on our Citigroup (NYSE: C) and Capital One (NYSE: COF) picks. Citigroup below $3 and Capital One at $17.10

C exceeded all of our targets hitting an intraday high of $4.65 (+55%) and COF hit an intraday high of $27.57 (+62%)

See Citigroup Post

See Capital One Post

Our first Citigroup (NYSE: C) target of $3.66 was hit today with the high price (as of 12 noon PST) falling just 2 cents short of our second target. Raise your trailing stops and/or look to take some more profits off the table. Momentum favors both the $4 and $4.20 targets being reached by weeks end.

As always we encourage comments so please tell us what you think.

Our first Citigroup (NYSE: C) target of $3.66 was hit today with the high price (as of 12 noon PST) falling just 2 cents short of our second target. Raise your trailing stops and/or look to take some more profits off the table. Momentum favors both the $4 and $4.20 targets being reached by weeks end.

As always we encourage comments so please tell us what you think.

Anyone who bought below $3 should can take some profit and/or raise your trailing stop to break even. Upside gap is at $3.66 and should be achieved. There are now gaps above and below, so could go down before continuing up.

Want to see where C is going to bounce at? Find out by clicking the image below for a free stock analysis.

Citigroup is reacting well to the onslought of news and reports today. So far this morning up 20 cents or about 7% from yesterdays close.Hope some of you caught our Monday post on Citigroup (NYSE: C), and bought yesterday while below $3 . . . may not be back there for a while.

The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout. (more…)