This drop on Thursday was not what I was hoping for. I thought the stock would start rising because people are going to start to need student loans for the beginning of the school year. On Friday in ended up moving up to $17 a share, cutting my losses in half of what they were on Thursday. I still feel that Sallie Mae will turn around. Although my type of trading is short term I feel that hanging on to this will pay off in the long run. I will again decide to keep this stock for the upcoming week, at least for the beginning.
Citigroup Inc. was a success. Their stock rose as you can see in the chart below.