Citigroup share prices as low as $3.16

Ever since Citibank announced their plan to layoff 53k people earlier this week, the price of Citibank fell as low as $3.16. I don't know if this is a fire sale, but if you have a couple of hundred dollars, you can buy 100 shares. At one point, this stock was valued at $40. But if you're thinking about buying, I would read some of the discussions here. If you're thinking of making a quick profit, they're talking about the short sellers ban.