But it’s important to realize that the momentum gained in one day can easily reverse on the next. If you hold Citigroup stock, don’t be concerned that some funds are cutting their positions — there are plenty of reasons that may have been the best move for their investors. What’s the best move for you? Look at the long-term prospects of your investment, follow the company’s progress quarterly, and stick with your initial investment thesis until it no longer applies.
The article Citigroup Spurned By Big Name Hedge Funds originally appeared on Fool.com is written by Jessica Alling.
Fool contributor Jessica Alling has no position in any stocks mentioned — you can contact her here. The Motley Fool recommends American International Group (NYSE:AIG). The Motley Fool owns shares of American International Group, Bank of America, Citigroup, and JPMorgan Chase. and has the following options: Long Jan 2014 $25 Calls on American International Group.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.