Today's Outrage is published weekdays at 9:30 a.m. EDT and is available as an RSS feed.NEW YORK ( TheStreet) -- If recent history is any guide, Citigroup ( C) shares are in for a smackdown. The stock may continue to see a little more upside after two days of gains, and Citi's announcement that it sold its Nikko Asset Management unit in Japan for about $1.3 billion may offer more support today. But Citi stock has a way of resetting after every gain and has pretty much been unable to break out of a trading range between $3 and $4. Don't believe me? Play the Citi Smackdown game (based on actual price history and news events) and you'll get the picture.
Citi shareholders have my sympathy. I don't like to see a stock get stuck in the tar like this. I'd like to say something encouraging like "there's no where to go but up," but the truth is that Citi shares have proven that isn't true. The stock may very well go down a few more times before a rally sticks. --Written by Glenn Hall in New York.