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Started By
Message
What is up with Citi
Posted on 4/13/09 at 4:52 pm
Posted on 4/13/09 at 4:52 pm
up 25% today
I wanted to hear you guys' thoughts
I wanted to hear you guys' thoughts
3
Posted on 4/13/09 at 4:54 pm to sportsinfogeauxlsu
citi Field is opening tonight. everyone is pumped up. but when the mets lose, the stock will tank cause evryone knows you should never back the mets
Posted on 4/13/09 at 4:57 pm to sportsinfogeauxlsu
Their Q1 Report is later this week. I guess people think because GS reported an enormous gain (and WFC, to some degree) that C will too. Color me skeptical.
Posted on 4/13/09 at 6:13 pm to kfizzle85
The next three generations of Americans just bailed them out.
Posted on 4/13/09 at 6:18 pm to Reubaltaich
quote:
The next three generations of Americans just bailed them out.
$45 billion? Next three generations?
Posted on 4/13/09 at 6:31 pm to LSURussian
Umm, K
LINK
As far as I am concerned, the huge mega-banks, ie Citi, Goldman Sachs, BoA, Wells Fargo and a handful of others are in the same boat.
ETA: Throw in AIG in that mix
LINK
As far as I am concerned, the huge mega-banks, ie Citi, Goldman Sachs, BoA, Wells Fargo and a handful of others are in the same boat.
ETA: Throw in AIG in that mix
This post was edited on 4/13/09 at 6:35 pm
Posted on 4/13/09 at 8:20 pm to LSURussian
quote:
$45 billion? Next three generations?
Wanna bet if we are done yet?
Posted on 4/13/09 at 10:10 pm to kfizzle85
Whisper numbers and I feel almost certain they will suprise to the upside in a big way. I expect a reaction similiar to Goldman this afternoon and I would be looking to profit take soon. I think buy the rumor sell the news happens after they report.
Posted on 4/13/09 at 10:16 pm to Tiger n Miami AU83
Are you basing that on something specific or just being wildly optimistic?
Posted on 4/13/09 at 10:36 pm to kfizzle85
"Widly Optimistic". Although I am somewhat indifferent here. I cut back my equity position at the end of the day Thursday and today. I am ok whever the market goes right now because I got the run I was expecting and now I do not have a feel or opinion on where I think the market is heading, so I am not being too aggressive. I do not think it is oversold anymore and may trend up a bit more in the anticipation of recovery. Still, it is to risky for me to take a chance like I did going all in on equities like I did back in March.
As for CITI, I am just speculating based on the stocks current behavior and those in its sector recently. I think the whisper number is a lot higher than estimates, but it is just my speculation.
As for CITI, I am just speculating based on the stocks current behavior and those in its sector recently. I think the whisper number is a lot higher than estimates, but it is just my speculation.
Posted on 4/13/09 at 10:43 pm to Tiger n Miami AU83
I applaud your rally calling/not being greedy fwiw.
Posted on 4/14/09 at 12:47 am to kfizzle85
I bought 10,000 shares of Citi at $1.08 - an admitted high risk about one and 1/2 month ago. Most of you on this board skull dragged for this. I also bought a ton of Ford, BoA, AIG, GE and suggested ya'll make the bets also on the belief that these companies would survive and that the economy would improve greatly in 3 years. Actually the market is moving ahead much faster faster than I thought.
Posted on 4/14/09 at 6:55 am to SugarBeauxl
I believe most people skull dragged you for infering these are $40 stocks.
Again for someone who was claiming at the time this was a 5 year investment, you are sure excited to brag about short term results.
Please continue like every other poster (by every other I mean NO ONE) and specify the exact number of shares you bought.... it makes you look cool.
Also you failed to mention in this post you sold out some of those positions already... sometimes it is hard to keep a story straight. Good luck to you.
Again for someone who was claiming at the time this was a 5 year investment, you are sure excited to brag about short term results.
Please continue like every other poster (by every other I mean NO ONE) and specify the exact number of shares you bought.... it makes you look cool.
Also you failed to mention in this post you sold out some of those positions already... sometimes it is hard to keep a story straight. Good luck to you.
Posted on 4/14/09 at 7:19 am to coloradoBengal
quote:
Wanna bet if we are done yet?
He wrote in the past tense.
Posted on 4/14/09 at 9:00 am to igoringa
quote:
a believe most people skull dragged you for infering these are $40 stocks.
Again for someone who was claiming at the time this was a 5 year investment, you are sure excited to brag about short term results.
Please continue like every other poster (by every other I mean NO ONE) and specify the exact number of shares you bought.... it makes you look cool.
Also you failed to mention in this post you sold out some of those positions already... sometimes it is hard to keep a story straight. Good luck to you.
Man, you are on target and correct on most points. From my view, some of these these high risk stocks had potential to get to $40,$30,$20.. in 5 years - I still think that is true for some. I sold about 1/3 and got my money out and left 2/3's in to play on house money. I also put some in on Dow Chemical and Cisco with more modest returns. The point of my argument was to indicate that I thought the US economy would eventually come back which was / is counter to many pessimists on this board. I paid about $1 for Citi, $6.5 for GE, $.99 for AIG, $2.75 for Ford, $4 for BoA, $1 Etrade, and $16 Cisco.
Posted on 4/14/09 at 9:38 am to SugarBeauxl
quote:
The point of my argument was to indicate that I thought the US economy would eventually come back which was / is counter to many pessimists on this board.
So you view five or six weeks of run up as an indication that the US economy has come back?
Posted on 4/14/09 at 9:44 am to igoringa
quote:
Please continue like every other poster (by every other I mean NO ONE) and specify the exact number of shares you bought.... it makes you look cool.
What is the obsession on this board against anyone who posts the number of shares he buys? I think it is informative....which is what this board is supposed to be for.
I stopped posting the # of shares I buy/sell because someone here criticized me for it, but I don't see the objection to doing it.
Posted on 4/14/09 at 12:56 pm to SugarBeauxl
quote:
The point of my argument was to indicate that I thought the US economy would eventually come back
is not equal to
quote:
From my view, some of these these high risk stocks had potential to get to $40,$30,$20.. in 5 years
Playing short term movements in the market is great. Congratulations, you timed, literally, the largest percentage move in 80 years. I still think you're an idiot for suggesting that C will be worth anything in 5 years. It is a baseless claim at best.
Posted on 4/14/09 at 1:05 pm to LSURussian
quote:
I stopped posting the # of shares I buy/sell because someone here criticized me for it, but I don't see the objection to doing it.
You know exactly why. It's a not-so-subtle form of bragging and rubs people wrong. We've got folks struggling to make ends meet on this board. (not to mention poor kfizz scrounging in his mom's couch cushions for quarters to bet on the next Hornets game). It's quite gauche to casually talk about buying $30,000 worth of stock in a single transaction.
Posted on 4/14/09 at 1:11 pm to Cold Cous Cous
FWIW I don't care if people post how much they buy.
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