finite automaton
Golden Member
Your point?
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A complete newb when it comes to stocks curious about buying
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Your point?
archcommus
Diamond Member
Yeah I'm still not completely sure I don't want to buy it. I really don't expect them to get so bad again they are delisted and maybe broken up or become completely government-controlled. And yet, I'm still hesitant to drop that grand.
LOL thats why you dont go to an Off Topic tech forum for stock advice 🙂
I was telling someone at work last week that I should take my $20,000 in my savings account and drop it into C and BAC when they were $1 and $2.50 respectively. He told me if I didnt plan on keeping it in there for a long time then not to invest. Oops.
archcommus
Diamond Member
So yeah I could've gotten it first thing Monday morning for 50 cents, right now at 1.38. This just shows I shouldn't even bother with stocks. Monday morning I thought 50 cents was high and I was waiting for it to get back to low 30's. By afternoon it hit 80's and I was thinking hmm too high just keep waiting. Now look. Again, I wouldn't buy now, too high, but it could still surprise further and hit $2 next week. Although I was watching Nightly News tonight and they said they are working to dismantle the company? I didn't know that. If so, long term investment might not be the best idea.
destrekor
Lifer
I was once in the very same position, and had the very same reasoning.
I, like an addicted gambler thinking he has found the unbeatable system, uh... gambled.
Threw a grand into first C when it was $1.67 (contemplated it when it was at $1, got scared and simply followed it and the market news for awhile). As that was slowly going up, I started looking into AIG, then still around $0.40. Again, followed it expecting it'd be a waste of time, but it started picking up, got in at 0.59. Now, they are both marching up rapidly.
The thing, as others have said... have a plan. Will the highs and lows each day get you nervous? Set a minimum at which you will drop some, or all.
If it climbs while there is bad news and possibly people are forecasting rough seas ahead... do you call it quits early just in case?
Keep level headed, drop all emotions, and be reasonable and logical. There are bad days, and good days.. high times followed by a terrible week when bad news strikes and then back to the routine... or worse.
The stock market at this point is very volatile, and unpredictable. The market gurus are spinning their heads as predictions boil down to a flip of the coin.
As far as my investments? Citi is looking to maybe be a long hold for me, unless it drops real fast. The main factor is... what will their financial release look like on April 17th. Actually pull a clean profit? Great. But the typical bank release, filled with overwhelmingly negative numbers? Well... watching the market like a hound that day to see the reaction.
AIG? Well that's the funny one. The moment that goes south I'm probably pulling out. It's one of the most troubles financial institutions at the moment, and news is still grim with the government and the public extremely irate at the moment... yet it keeps climbing, and still looks to have an 18% jump pre-market. Very boggling but I'll stay in if the trend continues.
Luck is kind of on the side of those buying and holding at the moment. Many shorters are trying to predict crashing values, yet there are so many shorts being placed, they have no ability to actually back up the short and essentially artificially pushes the stock higher.
Both AIG and C are experiencing that right now... but C has been riding a wave mostly justified. AIG I think is merely catching a ride on the same wave. Unless Citi reveals they are in the negatives for the quarter, C will probably begin to balance out or somehow keep climbing at a rate that really no one is understanding. AIG, on the other hand, is still looking mighty ugly as an institution, so the future for that stock might still be grim.
My take on it? C will prove to be a valuable buy/hold for at least a month, April 17 being judgment day of sorts. AIG is looking short term unless the wave keeps on chugging until they actually shape up, but the moment it starts to fall sharply I'll cash out and call it a very lucky and rewarding gamble that presented itself at the perfect moment.
Today might a little rough. Looking at fairly large pre-market gains, and will probably eek higher a little bit (speaking for both C and AIG), before mid-day possibly tumbling some, AIG most likely, and somewhere between noon and 2 it might fall and rise pretty substantially as more shorts are fulfilled at the deadline.
I, like an addicted gambler thinking he has found the unbeatable system, uh... gambled.
Threw a grand into first C when it was $1.67 (contemplated it when it was at $1, got scared and simply followed it and the market news for awhile). As that was slowly going up, I started looking into AIG, then still around $0.40. Again, followed it expecting it'd be a waste of time, but it started picking up, got in at 0.59. Now, they are both marching up rapidly.
The thing, as others have said... have a plan. Will the highs and lows each day get you nervous? Set a minimum at which you will drop some, or all.
If it climbs while there is bad news and possibly people are forecasting rough seas ahead... do you call it quits early just in case?
Keep level headed, drop all emotions, and be reasonable and logical. There are bad days, and good days.. high times followed by a terrible week when bad news strikes and then back to the routine... or worse.
The stock market at this point is very volatile, and unpredictable. The market gurus are spinning their heads as predictions boil down to a flip of the coin.
As far as my investments? Citi is looking to maybe be a long hold for me, unless it drops real fast. The main factor is... what will their financial release look like on April 17th. Actually pull a clean profit? Great. But the typical bank release, filled with overwhelmingly negative numbers? Well... watching the market like a hound that day to see the reaction.
AIG? Well that's the funny one. The moment that goes south I'm probably pulling out. It's one of the most troubles financial institutions at the moment, and news is still grim with the government and the public extremely irate at the moment... yet it keeps climbing, and still looks to have an 18% jump pre-market. Very boggling but I'll stay in if the trend continues.
Luck is kind of on the side of those buying and holding at the moment. Many shorters are trying to predict crashing values, yet there are so many shorts being placed, they have no ability to actually back up the short and essentially artificially pushes the stock higher.
Both AIG and C are experiencing that right now... but C has been riding a wave mostly justified. AIG I think is merely catching a ride on the same wave. Unless Citi reveals they are in the negatives for the quarter, C will probably begin to balance out or somehow keep climbing at a rate that really no one is understanding. AIG, on the other hand, is still looking mighty ugly as an institution, so the future for that stock might still be grim.
My take on it? C will prove to be a valuable buy/hold for at least a month, April 17 being judgment day of sorts. AIG is looking short term unless the wave keeps on chugging until they actually shape up, but the moment it starts to fall sharply I'll cash out and call it a very lucky and rewarding gamble that presented itself at the perfect moment.
Today might a little rough. Looking at fairly large pre-market gains, and will probably eek higher a little bit (speaking for both C and AIG), before mid-day possibly tumbling some, AIG most likely, and somewhere between noon and 2 it might fall and rise pretty substantially as more shorts are fulfilled at the deadline.
destrekor
Lifer
Dammit spoke too damn soon.
Pre-market Citi and AIG stocks are beginning to drop from the rather high gains that had built up since close yesterday.
Still an hour and a half from open, and in the last 20 minutes they've came down, Citi falling from about 12% pre-market gains to now about 3%, and AIG fell from about 26% to about 18% but currently shuffling about up and down.
Sigh. As much as I hoped my prediction for today wouldn't hold true, the pre-market jitters as the news from yesterday sinks in is starting to give the traders the shakes. I think a good day today will be for the stocks to hold ground on previous gains. They will probably have a few significant peaks and valleys but will likely keep the upward trend alive but with a less shocking gain at the end of the day. I'm thinking Citi will stay below $3.50 today, with a likely ending around 3.20. AIG will continue to be unpredictable, making potentially significant gains once again for the day. As I type this, pre-market is already moving back up toward 30%. Sheesh. A good day will close around the value it opens, and I doubt today will be the day it falls sharply to below yesterday's close. If it doesn't today, and tomorrow is a positive-trend day as well, it should close the week above $2. Reach a high of $2 today but drop and fall short by close.
Pre-market Citi and AIG stocks are beginning to drop from the rather high gains that had built up since close yesterday.
Still an hour and a half from open, and in the last 20 minutes they've came down, Citi falling from about 12% pre-market gains to now about 3%, and AIG fell from about 26% to about 18% but currently shuffling about up and down.
Sigh. As much as I hoped my prediction for today wouldn't hold true, the pre-market jitters as the news from yesterday sinks in is starting to give the traders the shakes. I think a good day today will be for the stocks to hold ground on previous gains. They will probably have a few significant peaks and valleys but will likely keep the upward trend alive but with a less shocking gain at the end of the day. I'm thinking Citi will stay below $3.50 today, with a likely ending around 3.20. AIG will continue to be unpredictable, making potentially significant gains once again for the day. As I type this, pre-market is already moving back up toward 30%. Sheesh. A good day will close around the value it opens, and I doubt today will be the day it falls sharply to below yesterday's close. If it doesn't today, and tomorrow is a positive-trend day as well, it should close the week above $2. Reach a high of $2 today but drop and fall short by close.
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