ViviTheMage
Lifer
Vitamin C?
Orange Juice is what I do in the AM...maybe juicy juice!
Orange Juice is what I do in the AM...maybe juicy juice!
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Q: Anyone buying C in the AM?
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DeadByDawn
Platinum Member
I think you'd be better off buying XLF. Unlikely to go to zero, contains all the beaten down financials, and it has a dividend. Even if half of the companies it contains go to zero, you'd still have something left for a long term hold.
IceBergSLiM
Lifer
ouch not withthe unemployment numbers from last month reporting. Good luck.
destrekor
Lifer
Does anybody think there is a positive trend starting? Just a fluke today in the advent of some good news?
Will holders restore their confidence in Citigroup and the stocks will climb?
I am interested in purchasing and throwing some money into it, and my ideas with stocks is going towards the risky side, in hopes of maybe securing some that make some great progress, while having the clear head to assume some might bring some loss.
Will holders restore their confidence in Citigroup and the stocks will climb?
I am interested in purchasing and throwing some money into it, and my ideas with stocks is going towards the risky side, in hopes of maybe securing some that make some great progress, while having the clear head to assume some might bring some loss.
FelixDeCat
Lifer
Its going to $5 and beyond, maybe $9 IMO.
Announced 9 Billion quarterly profit ex writedowns recently:
9 Bill
x4 quarters
----
36 Billion annual
Current market cap = 12 Billion x 3 = $7.50+ share
Relaxation of mark to market means less writeoffs for Citi. There will be losses for Citi but I think $5 is a safe bet, up to $9 by 12/31/2009. They are getting money from the government at 0%, buying treasuries, repos, etc. and recapitalizing by keeping the spread.
DOUBLE DOWN, BABY. :laugh:
edit: The June $5 calls are going for .22 per contract right now, up 144% today alone. Very tempting right now if you like risk. The risk is will Citi get over $5 before 06/19/2009? More importantly will it get over 5.22 (your breakeven point)? If you had $5000 handy you could buy 200 contracts, allowing you to control 20,000 shares vs. 2000 shares you can buy outright today. But again, its very risky. Good luck.
Announced 9 Billion quarterly profit ex writedowns recently:
9 Bill
x4 quarters
----
36 Billion annual
Current market cap = 12 Billion x 3 = $7.50+ share
Relaxation of mark to market means less writeoffs for Citi. There will be losses for Citi but I think $5 is a safe bet, up to $9 by 12/31/2009. They are getting money from the government at 0%, buying treasuries, repos, etc. and recapitalizing by keeping the spread.
DOUBLE DOWN, BABY. :laugh:
edit: The June $5 calls are going for .22 per contract right now, up 144% today alone. Very tempting right now if you like risk. The risk is will Citi get over $5 before 06/19/2009? More importantly will it get over 5.22 (your breakeven point)? If you had $5000 handy you could buy 200 contracts, allowing you to control 20,000 shares vs. 2000 shares you can buy outright today. But again, its very risky. Good luck.
As do I destrekor, but I did purchase a few shares at around the same price that you did so I'm currently pleased at the moment. 🙂
destrekor
Lifer
How fast does everyone think this is going to rise?
I bought in at 1.67. This was an investment gamble used to potentially play out as a long-term, pay off all my school debt type.
I did the same thing with AIG. Saw it go below 0.40, but kept an eye because I couldn't imagine it dropping any more, and watched as it climbed up to 0.60. That's when I jumped in, and been watching it flirt with $1.00 for awhile now, now above 1.30.
Hehehe, holy shit, even PHEI is moving up after being stale for so long. :laugh:
That was my it's-so-cheap-that-not-gambling-would-be-retarded type of investment, and my first one that got me interested in the stock market and trying to learn more about it.
I mean, when you can buy 50000 shares for about $20 total, AFTER commission, I figure... shit, I have to. One of these days Phantom's crazy keyboard is going to be released into the world, and that might cause some well-deserved movement in the stock. But damn Pink trading, I don't trust it...
Anyway, back to C
Does anyone see this moving up as fast as we've been seeing it? I mean, calls were being made that were gambling it'd reach $5 or $6 by June, and many are expecting $10 by the end of the year.
But do you think this is sustainable? That the stocks will keep moving up somewhat close to its current pace? Could be mere weeks before we see $5 imho, IF that. At least, my extreme optimism in times of gambling are what are holding me to this. And in 1 months time, Citigroup will be releasing earnings. If they have a profit, the stock will probably jump real quick. I just hope they have that profit, just so we can finally have some long-lasting good news in the finance world.
At any rate, I'm just glad to see everything I've invested in is currently worth more than I paid, and currently, everything is nearly doubled. Even if shit hits the fans again with AIG, I have time to pull out before I lose. As a college student I shouldn't have bought as much as I did, but I get retarded, and saw a chance I expect I'll never see again in my lifetime.
I bought in at 1.67. This was an investment gamble used to potentially play out as a long-term, pay off all my school debt type.
I did the same thing with AIG. Saw it go below 0.40, but kept an eye because I couldn't imagine it dropping any more, and watched as it climbed up to 0.60. That's when I jumped in, and been watching it flirt with $1.00 for awhile now, now above 1.30.
Hehehe, holy shit, even PHEI is moving up after being stale for so long. :laugh:
That was my it's-so-cheap-that-not-gambling-would-be-retarded type of investment, and my first one that got me interested in the stock market and trying to learn more about it.
I mean, when you can buy 50000 shares for about $20 total, AFTER commission, I figure... shit, I have to. One of these days Phantom's crazy keyboard is going to be released into the world, and that might cause some well-deserved movement in the stock. But damn Pink trading, I don't trust it...
Anyway, back to C
Does anyone see this moving up as fast as we've been seeing it? I mean, calls were being made that were gambling it'd reach $5 or $6 by June, and many are expecting $10 by the end of the year.
But do you think this is sustainable? That the stocks will keep moving up somewhat close to its current pace? Could be mere weeks before we see $5 imho, IF that. At least, my extreme optimism in times of gambling are what are holding me to this. And in 1 months time, Citigroup will be releasing earnings. If they have a profit, the stock will probably jump real quick. I just hope they have that profit, just so we can finally have some long-lasting good news in the finance world.
At any rate, I'm just glad to see everything I've invested in is currently worth more than I paid, and currently, everything is nearly doubled. Even if shit hits the fans again with AIG, I have time to pull out before I lose. As a college student I shouldn't have bought as much as I did, but I get retarded, and saw a chance I expect I'll never see again in my lifetime.
SSSnail
Lifer
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.
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.
Schfifty Five
Lifer
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?
InflatableBuddha
Diamond Member
I prefer V, but if you want to pay for cock, go ahead.
Schfifty Five
Lifer
Who is? There are no guarantees in the market...ever.
Good question Schfifty Five, I'd like an answer as well! 😱
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