Contradiction

You may wonder whether there is there a contradiction between Monday's posting in which I humorously trashed Citigroup and Friday's posting in which I revealed I had bought Citigroup stock. That is a fair question to ask. The answer is that I was trading on the momentum of Citigroup stock rather than using the stock as an investment vehicle. I'm okay holding onto the stock of a debauched corporation like Citigroup for several hours or even several days, but it's not a candidate for the old "buy and hold" strategy.