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Q: Anyone buying C in the AM?

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Originally posted by: Crusty
Originally posted by: SSSnail
I missed this boat, and that's unfortunate, but I do have some important information regarding C.

Please do not go long on C, I have good reasons and inside information that they're breaking up. They're consolidating their assets as I type and may be on the process of splitting in about three or four months. I cannot divulge anymore, but my information is from a reliable source. I heard about this over the weekend and thought of this thread, good luck.
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Are you going to get into a short position? :laugh::laugh::laugh::laugh::laugh::laugh:
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Bent over, squatting, or knees?
 
Originally posted by: Schfifty Five
Originally posted by: SSSnail
I missed this boat, and that's unfortunate, but I do have some important information regarding C.

Please do not go long on C, I have good reasons and inside information that they're breaking up. They're consolidating their assets as I type and may be on the process of splitting in about three or four months. I cannot divulge anymore, but my information is from a reliable source. I heard about this over the weekend and thought of this thread, good luck.
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I bought 1000 shares @ 2.70.

Most like I'm going to sell to make a quick profit, question is, when should I sell. If it hits $3.50? $4.00? more?
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How's that working for you? 😀
 
Originally posted by: Fritzo
Originally posted by: Schfifty Five
Originally posted by: SSSnail
I missed this boat, and that's unfortunate, but I do have some important information regarding C.

Please do not go long on C, I have good reasons and inside information that they're breaking up. They're consolidating their assets as I type and may be on the process of splitting in about three or four months. I cannot divulge anymore, but my information is from a reliable source. I heard about this over the weekend and thought of this thread, good luck.
Click to expand...

I bought 1000 shares @ 2.70.

Most like I'm going to sell to make a quick profit, question is, when should I sell. If it hits $3.50? $4.00? more?
Click to expand...

How's that working for you? 😀
Click to expand...

Wahaha.
 
Originally posted by: IHateMyJob2004
If people buy C as an ivnestment, they better realize the truth. They are buying C as a speculation.
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Isn't that what all investments in the stock market truly are by definition?

Calls, shorts, buying for long, etc... you buy into the market with speculation it's going to do something that will work for you, depending on what you do.

Some stocks are more stable, but in the end, no stock is a guaranteed investment, rather, some might be a promising speculation.
 
I finally am getting some cash off of it. i was in the red for the last few months when it sank below $3.50 🙁
 
Originally posted by: daveshel
I didn't by any then. I watched it for a while and bought 100 shares yesterday at 2.48. It's 3.00 now.
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That's right around where I got in, not too shabby!
 
Originally posted by: destrekor
Originally posted by: IHateMyJob2004
If people buy C as an ivnestment, they better realize the truth. They are buying C as a speculation.
Click to expand...

Isn't that what all investments in the stock market truly are by definition?

Calls, shorts, buying for long, etc... you buy into the market with speculation it's going to do something that will work for you, depending on what you do.

Some stocks are more stable, but in the end, no stock is a guaranteed investment, rather, some might be a promising speculation.
Click to expand...

To you, that is the truth. Most aren't willing to realize that they are becoming part owner of a business.

To the value investor, you are paying the future free cash flows. Done right, you are paying for them at a discount to their intrinsic value.

For what it is worth, I bought WFC for $14.19 14 days ago. I will hold onto it for the rest of my life. I figure that a 12% annualized return is possible for the next 10 years ignoring the WB acquisition. The WB acquisition just makes things even better over the long haul. I wish I paid under $10 when I had the chance but even at $14.19, I am buying at a discount to intrinsic value. That's all that matters to an actual investor.

Buying the "bottom" is a fools game and I'm sure many here will not admit that they paid $10 for C. I wouldn't give you 5 cents for it.
 
Originally posted by: Zim Hosein
After hours trading has C up 0.39¢ a share!
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I hope this is a stable rally here, and it would be lovely to see the opening price tomorrow reflect the after hours thus far. Some huge gains in a single day.
But, this week, I don't know, I really fear Friday.
For the reason of, I expect this to keep inching hire the rest of the week, but I'm going to have to stick to a computer or my phone and watch the opening, but what's worse... that damn earnings release is at 8:30. If it's not as pretty of a release as many are expecting, there'll be more than enough time for pre-market to decide the fate of the market opening, and send the stock crashing yet again.

Some stock's are a nice buy and hold long, but I guess as a gambling man I find it hard to want to ride through the thick and the thin, for a bank. Sure, looking five years into the future with bright eyes longing for $10-20 per share, is an amazing hope.. but just that, a hope. Could easily stay below $5 for the next 5 years, and if that's the case, I don't really want to stay in if I see it drop yet again.

Damn Citi. I don't want you to be a constant day trade worry for me, but you make me do it.

Maybe a great earnings release will tide me over for a few months, until the next quarter. Now I know why people shy away from the stock market. Without a lot of dedication it's a constant worry, or simply pump completely unnecessary money into it, forget about it for 20 years, and look at it and hope to be surprised, or forget about it and say... oh I spent that money 20 years ago? hmm oh well.
 
I've been in and out of C over the past few weeks. Taken probably 15% in profits overall. Got in again today at $3.43. Considering doubling or tripling my position tomorrow to sell Thursday before earnings. I don't think I'm brave enough to hold into the earnings release.
 
Originally posted by: IHateMyJob2004
Originally posted by: destrekor
Originally posted by: IHateMyJob2004
If people buy C as an ivnestment, they better realize the truth. They are buying C as a speculation.
Click to expand...

Isn't that what all investments in the stock market truly are by definition?

Calls, shorts, buying for long, etc... you buy into the market with speculation it's going to do something that will work for you, depending on what you do.

Some stocks are more stable, but in the end, no stock is a guaranteed investment, rather, some might be a promising speculation.
Click to expand...

To you, that is the truth. Most aren't willing to realize that they are becoming part owner of a business.

To the value investor, you are paying the future free cash flows. Done right, you are paying for them at a discount to their intrinsic value.

For what it is worth, I bought WFC for $14.19 14 days ago. I will hold onto it for the rest of my life. I figure that a 12% annualized return is possible for the next 10 years ignoring the WB acquisition. The WB acquisition just makes things even better over the long haul. I wish I paid under $10 when I had the chance but even at $14.19, I am buying at a discount to intrinsic value. That's all that matters to an actual investor.

Buying the "bottom" is a fools game and I'm sure many here will not admit that they paid $10 for C. I wouldn't give you 5 cents for it.
Click to expand...

Yeah I didn't buy a lot either time. First time got onboard at 1.66. Made gains to 3ish, but it started to erase a lot of that gain, and I ended up bailing at around 2.75 I think. Got back in around 2.70, but for about half the original number of shares as I started to diversify that initial profit, well that and the nearly 100% gains from AIG, which I equally sold (and equally missed on a higher return. that morning both fell I was away from the internet, figures).
So gains this time won't be nearly as rewarding, but if it can push forward at a steady rate, even if only 10% annually, I'd be extremely happy. As long as annually it moves forward I'll hold I think.

My current bets though are two pharmaceutical companies with pending FDA approvals and clinical trials.
One of them has been dropping, and maybe the distant hope of sweet reward is what has been keeping me from bailing, but I do see good things if trials continue to show promise.
 
Originally posted by: joshsquall
I've been in and out of C over the past few weeks. Taken probably 15% in profits overall. Got in again today at $3.43. Considering doubling or tripling my position tomorrow to sell Thursday before earnings. I don't think I'm brave enough to hold into the earnings release.
Click to expand...

Yeah, that's what I'm constantly dwelling in my mind - am I brave enough to see through Friday morning. Either risk the recent gains and see essentially bad news and watch the price rapidly drop... or hold and basically pray momentum continues following good news. Bailing on Thursday makes that issue just as troublesome - sell and pat myself on the back as the price drops Friday, or cry as the price skyrockets on hearing a great earnings release.
Sigh. I hate this game. :laugh:
 
Originally posted by: destrekor
My current bets though are two pharmaceutical companies with pending FDA approvals and clinical trials.
One of them has been dropping, and maybe the distant hope of sweet reward is what has been keeping me from bailing, but I do see good things if trials continue to show promise.
Click to expand...

Sounds like you're in CTIC and DNDN, or some other low priced stocks that get peddled on every stock message board. It's ridiculous how much spam there is.
 
Originally posted by: destrekor
Originally posted by: IHateMyJob2004
Originally posted by: destrekor
Originally posted by: IHateMyJob2004
If people buy C as an ivnestment, they better realize the truth. They are buying C as a speculation.
Click to expand...

Isn't that what all investments in the stock market truly are by definition?

Calls, shorts, buying for long, etc... you buy into the market with speculation it's going to do something that will work for you, depending on what you do.

Some stocks are more stable, but in the end, no stock is a guaranteed investment, rather, some might be a promising speculation.
Click to expand...

To you, that is the truth. Most aren't willing to realize that they are becoming part owner of a business.

To the value investor, you are paying the future free cash flows. Done right, you are paying for them at a discount to their intrinsic value.

For what it is worth, I bought WFC for $14.19 14 days ago. I will hold onto it for the rest of my life. I figure that a 12% annualized return is possible for the next 10 years ignoring the WB acquisition. The WB acquisition just makes things even better over the long haul. I wish I paid under $10 when I had the chance but even at $14.19, I am buying at a discount to intrinsic value. That's all that matters to an actual investor.

Buying the "bottom" is a fools game and I'm sure many here will not admit that they paid $10 for C. I wouldn't give you 5 cents for it.
Click to expand...

Yeah I didn't buy a lot either time. First time got onboard at 1.66. Made gains to 3ish, but it started to erase a lot of that gain, and I ended up bailing at around 2.75 I think. Got back in around 2.70, but for about half the original number of shares as I started to diversify that initial profit, well that and the nearly 100% gains from AIG, which I equally sold (and equally missed on a higher return. that morning both fell I was away from the internet, figures).
So gains this time won't be nearly as rewarding, but if it can push forward at a steady rate, even if only 10% annually, I'd be extremely happy. As long as annually it moves forward I'll hold I think.
Click to expand...

You won't gain 10% annually by daytrading stocks.
 
Originally posted by: destrekor
Originally posted by: joshsquall
I've been in and out of C over the past few weeks. Taken probably 15% in profits overall. Got in again today at $3.43. Considering doubling or tripling my position tomorrow to sell Thursday before earnings. I don't think I'm brave enough to hold into the earnings release.
Click to expand...

Yeah, that's what I'm constantly dwelling in my mind - am I brave enough to see through Friday morning. Either risk the recent gains and see essentially bad news and watch the price rapidly drop... or hold and basically pray momentum continues following good news. Bailing on Thursday makes that issue just as troublesome - sell and pat myself on the back as the price drops Friday, or cry as the price skyrockets on hearing a great earnings release.
Sigh. I hate this game. :laugh:
Click to expand...

yeah but how high can it really skyrocket? if it jumps another 20% today that will be 100% in a week or so, it seems like the price is rising expecting the earnings to be good. I almost feel like if the earnings are good it will jump 5% but if they are bad it will drop 50%.

Either way, if it's up another 40% before thursday I am out, I will gladly take my 100% profit and bail.
 
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