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The Playbook on Citi Is Well Established

By Jim Cramer

 About this article:
 Citigroup's pattern of trading is becoming quite clear to me. Quick out of the chute, rallying throughout the day, and then giving up the ghost as the daytraders exit. It's too easy to make a quick profit. Citigroup's one of a handful of single-digit stories that has totally captured the imagination of the masses and the sharp daytraders. The daytraders grab some at the opening, the money flows in all day -- mostly from mutual funds trying to build positions ahead of the Sept. 10 beginning date of when the feds can sell -- and then the daytraders bang it out. In the end, the closing price tends to be even with the opening price. Friday's trading was typical: big leap at opening, huge leap during the day, hammering back to the opening price in the last half-hour. To me, the best time to buy is the...

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