Citibank - Is it a good time to buy?
- Thread starter TENT
- Start date
nope.. but I wish I did....and even at the moment I would have.. but I'm investing in other areas... but I would still buy Citibank now..but not for a short term flip (even though people are going to make insane amounts flipping it over and over short team)... but as a long term holding. The company, if ANYONE sane is involved in the cleanup, is going to completely clean this company up..Citi Holdings is going to be cleaned up and maybe even be temporarily taken over to the government to get to the bottom of how much of the assets are toxic (now this will affect the publicly traded stock needs to be studied though) and then eventually come out of this a healthier and smaller company and it's going to be regulated as to limit this type of situation with derivatives from happening again... when the profitability returns and rises, so will the stock price....this is when bold decisions either lose you a little or make you a lot of money
Nah but I got Fannie MAE at .48 and sold at 1.01 doubled my $800 investment. It sat for a while and I had written it off.
So my dude. Put me on to the next game shit I need some new shoes.
Also what company you use to buy stocks. Someone just put me on.
I am thinking Scottrade cause it is across the street from where I work.
I aint trying to be driving all over looking for shit.
Also what company you use to buy stocks. Someone just put me on.
I am thinking Scottrade cause it is across the street from where I work.
I aint trying to be driving all over looking for shit.
So you use bank of america to trade stocks. Hmm. I didnt know they were a brokerage. I am gonna use BOA to buy some Citibank stock direct?
Sweet. I am trying to cop a Bentley like you mang.
Sweet. I am trying to cop a Bentley like you mang.
Told You
Dumb Fucks
Dumb Fucks
Yes, Banc of America investments. I do self directed trading.
What are the commissions like. I am trying mess with Fidelity right now. Was about to buy 60 bucks worth of Citibank to try it out. Shit came out to 90 bucks. Fuck that.
Also should I buy then the market is closed or always buy when the shit is open?
Cause they giving me a warning saying it could be lower or some shit when it opens.
Also should I buy then the market is closed or always buy when the shit is open?
Cause they giving me a warning saying it could be lower or some shit when it opens.
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I really don't understand what the fuck that's all about.
They're trying to sue the FDIC ...
For what?
They fucked up and went bankrupt essentially.
Cause you are trading in off hours. Wait til the market opens on Monday at 9:30am, see where everything is and wait til like 11 to see how the market is flowing. You could buy now and when it opens on Monday, the stock could be lower or higher than you are gonna pay right now.
Not sure about the fees to trade. But hold on til Monday, look around, I see people who jumped in at $3.50 who would loved to get in at $2 anything. Caution with stocks, know when to enter and when to exit.
I got it free for one year. They will start charging me $7 a trade next month unless I have more deposits with them. I may add more money, I don't know.
Nope !!! The FDIC fucked up and FUCKED UP BIG TIME. They violated their own statutes, rules and regulations BADLY when dealing with WAMU. Sold property that was property of the bank's holding company and a lot more dastardly shit. With a jury trial, I'd say the FDIC could be on the hook for close to 60-75 billion in damages MINIMAL. This is a very hot, political football right now and the FDIC must settle or the shit will really hit the fan.
ALL 3 OF THESE STOCKS WILL REACH BACK WHERE THEY WERE SOONER OR LATER
I use tradeking. They have $4.95 limit and market trades (better than Scottrade & Sharebuilder).
They also currently have a referral program. If youre gonna invest $1000 or more send me a PM with your email address & I'll give you $20 after you fund the account & make your first trade.
Looks like you missed the dead cat bounce, bear market rally which I call a sucker rally.You would have been a perfect little fish for the sharks to toy with before they took your money and swam away with it. The big institutions are sitting on the sidelines, only the professional traders are in the game now. They bought on the last low then talked up this past rally on every media outlet they could find claiming that the technicals were showing a rally was due. That the market was oversold, blah, blah, blah.They waited for the ginned up suckers to jump in and sold their $.97 stock for $2.00 then took their money off the table and left the sucker , ummm buyer with a $2.00 stock that they have to sweat will go up.Now those same traders that talked up the rally are now saying the lows will be tested
1st quarter is almost over we'll see how citi's balance sheet is next month.Just remember they have consistently lied about the financial health of the company. Do you really want to believe them now?
More shoes are about to drop, commercial real estate, credit card debt are the 2 biggest. I would think that citi is heavily involved in both. Now do you really want to play?
1st quarter is almost over we'll see how citi's balance sheet is next month.Just remember they have consistently lied about the financial health of the company. Do you really want to believe them now?
More shoes are about to drop, commercial real estate, credit card debt are the 2 biggest. I would think that citi is heavily involved in both. Now do you really want to play?
Yeah everyone knows shit AFTER the fact.
Where were you 3 weeks ago?
You sound mighty smart.
Now predict the next thing to happen BEFORE it happens.
Where were you 3 weeks ago?
You sound mighty smart.
Now predict the next thing to happen BEFORE it happens.
Looks like you missed the dead cat bounce, bear market rally which I call a sucker rally.You would have been a perfect little fish for the sharks to toy with before they took your money and swam away with it. The big institutions are sitting on the sidelines, only the professional traders are in the game now. They bought on the last low then talked up this past rally on every media outlet they could find claiming that the technicals were showing a rally was due. That the market was oversold, blah, blah, blah.They waited for the ginned up suckers to jump in and sold their $.97 stock for $2.00 then took their money off the table and left the sucker , ummm buyer with a $2.00 stock that they have to sweat will go up.Now those same traders that talked up the rally are now saying the lows will be tested
1st quarter is almost over we'll see how citi's balance sheet is next month.Just remember they have consistently lied about the financial health of the company. Do you really want to believe them now?
More shoes are about to drop, commercial real estate, credit card debt are the 2 biggest. I would think that citi is heavily involved in both. Now do you really want to play?
Don't have too. The markets are telegraphing what's going to happen.You just have to read it and position yourself ahead of time.I would seriously think about going long gold and silver.Start putting money into oil incrementally. It probably will bounce up and down for awhile but you'll have established your position when it finally rises for good and you can ride the wave then catch some sucker coming in late. Start mining the ETF's for some good buys internationally.China should be your first stop. Couple of good gold ETF's out there also.
>>>>DIVERSIFY<<<<<<
If you're gonna jump in this market this could be your only savior if/when you get in trouble.
Move fast,strike hard and take no prisoners
Don't get to greedy. Take you money off the table even if you feel as though you're on a roll and want to trade more. Resist that temptation.
Stop trying to get hot tips from other people. Create your own style and rep and work it. Be the one that other people ask for tips.
Good Luck
GOLD? What's your time horizon? I can assure you that gold is near it's peak. SPDR GOLD is currently at $94 if it hits $100 I'll short it like crazy.China? There financials are crazy to decipher. As a broad class of investments or for diversification - yes. But definitely not for a newbie seeking a stock on a porn board.
Everything else you said was chuuuuch!
I highlighted my faves below.
Can anyone cosign with this?
I am looking for a good online trading site....etrade, scotttrade..etc
DAHITMAN
Rising Star
Tent don't fuck with AIG just yet. The Government is going to sue AIG for using the bailout money to give out bonuses.
But that is just me but if you have money to burn than go for it. You should do your research and have your own assessment.
Don't expect to get rich quick cause it aint happening unless you invest oodles of money and the stock has a high percentage jump next week.
Invest in CITIGROUP (symbol C) when it goes below by 75% from the last closing .
I have Fidelity to buy and trade stocks, you should setup an account so that you can buy and trade stocks yourself. The commission will be cheaper if you do it yourself than have a broker do it for you. It cost me about $8.00, plus it depends how much money you have in your account.
I invest in the fortune 500 companies that I like and presume that these companies will flourish in the future.
***I rather buy these dollar menu stocks before I goto the strip club and make it rain.***
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aight, fuck that.. @ 1.00 a share i gotta get in ti this stock thing..
what to i need to do to set up an acct and start trading?
which online trading company is the best with cheaper commissions?
what to i need to do to set up an acct and start trading?
which online trading company is the best with cheaper commissions?
DAHITMAN
Rising Star
INTERNET COMMISSION
scottrade $7.00 commission
etrade $7.99 to $9.99 commission
ameritrade $9.99 commission
LAST CLOSE AIG 1.26 down 22% or down .36 cents
Don't fuck with AIG just yet. The Government is going to sue AIG for using the bailout money to give out bonuses.
But that is just me but if you have money to burn than go for it.
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My current long gold play is a hedge against inflation in the 2-3 yr time frame. I think gold will easily break $1000. The dollar is tanking and the Fed wont be able to pull back fast enough. They dumped too much money into the economy too fast. I've got an itch that it will break out soon but i can't pick a price point yet to short it. I'm thinking higher than $1000. Depends on if I want to roll the dice or not.
DAHITMAN
Rising Star
isn't gold too high to buy right now?
do u trade?
what tips would u suggest in trading?
do u ck the stocks right when the bell rings in the morning?
wouldn't AIG be the ones doing the suing?
since the govt is about to tax those bonus 90%?
I would start buying now if I were you. I know I have. I can see it going to $20 in 5 years or less.
Agreed. My exception would be to wait til it hits back at around $2.40-$2.60 to get back in. Its on a down trend right now, but has to go up soon.