CITIBANK - I take it!

Written on December 28, 2009 – 1:08 pm | by Kampung Boy |

About a week ago, i made a post on CITIBANK - Is this another chance to average down on CITIGROUP? Guess what, i take it on the chance where i manage to slightly lower down my average on my Citibank.

It wasn’t a big purchase but nonetheless i manage to lower down my average price on my Citibank. I added another 200 shares of Citigroup at the price of $3.28 on the 23rd of December.

Like i say, it wasn’t a big purchase as i have almost reached the limits of my investing funds. ^^ I am sort of gung ho on Citibank and Genting SP.

With my latest purchase, i have a new average price on my Citibank :-

Earlier average : 1400 shares at $4.00
Total of shares : 1400 + 200 = 1600 shares
Total in value : (1400 x 4.00) + (200 x 3.28) = 5600 + 656 = $6256
Latest average : 6256/1600 = $3.91

Conclusion

Although it was just a minor purchase but i manage to lower down on my Citibank price. I am also keeping my Citibank shares under my pillow for it to grow. I am pretty bullish about this baby as much as i am bullish on my Genting SP.

I really hope can conjure more cash to at least get hold of 3000 shares of Citibank but i am fine with my current purchase and holdings.

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