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Q: Anyone buying C in the AM?

Originally posted by: theflyingpig
It's anything but appealing. To buy C in the AM would be foolish IMO. Don't do it.
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That's why I'm asking! 😱
 
Originally posted by: Zim Hosein
It looks mildly appealing at the current price... 😕
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I've never had to pay for C.

considering so many are giving it away, especially in the early AM on a Friday or Saturday.

:Q
 
I'd be buying S&P in the AM but the funds haven't cleared at my brokerage yet. (I've never gotten around to setting up wire transfers or margin buying.)
 
Yeah it's one of the tempting ones, but like all the other banks, it's a terrible gamble. It's been sliding down for awhile, why would today be the day it rebounds?

I'm looking to invest pretty soon, with the goal of somewhat short-term large gains, so if I do what I'm expecting I'll lose some and gain some, mostly high-risk gambles. But I'm not quite expecting a bank to be on my list of gambles, at this rate it almost seems like the worst gamble to make.

Too bad I didn't hop on some of the solar companies when they came onto the scene. Getting the runaway successes is so hard to achieve.
 
It seems like everyone that even remotely knows what the stock market is, is thinking about buying a few shares of Citi.

I wonder if say 1/5 of the population in the US (I'm sure it'd be lower, but let's pretend foreign investors count too) bought an average of $200 of shares. Would that be enough to skyrocket Citi back into solvency? Or at least change the overall perception that they will go under enough to keep them afloat?

I'm not really too sure the magnitude of the numbers involved, but it would be pretty interesting if a general population stimulus were to bring them back from the brink. Plus when the value went up anyone who took the risk would reap the rewards rather than having to pay taxes to cover it for the next 149 years.
 
At the current price it is tempting, but i question if they have fully come clean with what is on their balance sheets.

For now, i'll pass.
 
I can't. Pretty sure any bank stock would be on our restricted trading list. damn you and your conflicts rules!
 
Interesting to see people who don't normally invest or contribute anything in the "official stock market thread" now running to C because it trading at less than a dollar.
Fact: Flies are attracted to shit.

There are much better bank stocks that one could buy than C.
 
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