And exactly what dividends do you guys think you'll ever get back?
Citibank - Is it a good time to buy?
- Thread starter TENT
- Start date
Honestly I don't know. I know I wouldn't look forward to anything in the near future.
Why didn't you hold on to it for the long run?I told you guys to bye it when it was @ 97 cents a share $500 would have got you $1500 when it toped @ $3.40 now it droped i made a niceeeee profit
Dude, the government owns it now. That's why I asked the "dividends" question. Their stockholders are never going to see any of the profits. It's only good for short-selling. But to be a long-term owner of a government owned bank like Citgroup is stupid. The government's probably gonna snatch most of the profits.
Don't panic you will be fine.
Citigroup trading at $3.57 a share, and "rumor" has it that their 1st quarter earnings report to be released this Friday looks good. How much longer will the financials be near the ground?
I should have gotten in at $1 a share, but I got in around $2 a share I'm doing pretty good now for a novice investor! Thanks BGOL!
BUMP
Citi closed at $3.80! Great possibility that it opens above $4 tomorrow!
Come on BGOL, I know someone else on here got in for the low!...
Citi closed at $3.80! Great possibility that it opens above $4 tomorrow!
Come on BGOL, I know someone else on here got in for the low!...
It is @ $3.95 in after hours trading!!!!!
I copped @ $4. This stock will continue to go up, so it is not over.
Do you really think that Citibank stock won't be @ $10 in the next couple of years???
I copped @ $4. This stock will continue to go up, so it is not over.
Do you really think that Citibank stock won't be @ $10 in the next couple of years???
Exactly! 2 years ago almost every financial was well over $30 a share.. I read somewhere early on this year that Citigroup would be "happy" to end the year around $3 a share I was like
.. After all the hype and unpredictability the stock should be well above $3 and those who invest and don't keep short selling should be making out like bandits in a couple years...
For the naysayers.......
Bought BoA last week..........
http://www.google.com/finance?q=bac
http://finance.yahoo.com/echarts?s=BAC#symbol=BAC;range=5d
Citigroup
http://www.google.com/finance?q=NYSE:C
Bought BoA last week..........
http://www.google.com/finance?q=bac
http://finance.yahoo.com/echarts?s=BAC#symbol=BAC;range=5d
Citigroup
http://www.google.com/finance?q=NYSE:C
I'm in on the game also.
Fuck it. I'm investing in companies that got bailout money. I fucked up and slept on Citigroup. I literally watched it with my mouse in my hand when it was @ $1.00 and fucking slept on it. I could have easily bought 5,000 shares and sat on it until it reached double digits (which looks like it might be this year). It's all good though. There are other opportunities at dollar stocks. cough, cough, AIG, cough, Fannie Mae, cough, Macguire Properties.
When stocks are this low there is only one way for them to go.... UP! Especially when you have the government backing them.
Fuck it. I'm investing in companies that got bailout money. I fucked up and slept on Citigroup. I literally watched it with my mouse in my hand when it was @ $1.00 and fucking slept on it. I could have easily bought 5,000 shares and sat on it until it reached double digits (which looks like it might be this year). It's all good though. There are other opportunities at dollar stocks. cough, cough, AIG, cough, Fannie Mae, cough, Macguire Properties.
When stocks are this low there is only one way for them to go.... UP! Especially when you have the government backing them.
Chea! I wish I seen this thread. I jumped on citi last week at 2.99 at 300 shares. I was looking at it when it was 1.35, but I slept hard. I put down for another 1000 shares today. Hopefully it finishes the week strong.
I'm debating throwing even more than 1000 down again. What do our resident stock enthusiasts think?
I'm debating throwing even more than 1000 down again. What do our resident stock enthusiasts think?
Make money while you can..
It won't last..
Hell, the money that you cash out won't last..
Citigroup is a welfare institution and all that needs to happen is Pandit saying they will have a "profitable" Q and you can double or triple your investment even at a dollar. However, I would be careful treading in this market.
It won't last..
Hell, the money that you cash out won't last..
Citigroup is a welfare institution and all that needs to happen is Pandit saying they will have a "profitable" Q and you can double or triple your investment even at a dollar. However, I would be careful treading in this market.
I'm not an expert trader but I know a little.. If I were you I would get in and get out before reality sets in..
1. This is the year of the Bear and we are currently in a Bear Market rally which will come to an end.
2. Where did all of the toxic assest go?
3. eliminating M2M only masks the true value of the company
4. unemployment is still on the rise it's still messed up out there
5. the financials are being propped up by the government and latest rally is being done with low volume which suggest that prices are rising so that people can buy into a so called rally.done by ur government... also the government wants break and maintain the 8000 resistance which is a big hurdle and key for the market in general to push through this resistance
6. No major pullbacks during this rally which means no one is taking profits and the big boy(hedgies) are not in the game.
just my 2
1. This is the year of the Bear and we are currently in a Bear Market rally which will come to an end.
2. Where did all of the toxic assest go?
3. eliminating M2M only masks the true value of the company
4. unemployment is still on the rise it's still messed up out there
5. the financials are being propped up by the government and latest rally is being done with low volume which suggest that prices are rising so that people can buy into a so called rally.done by ur government... also the government wants break and maintain the 8000 resistance which is a big hurdle and key for the market in general to push through this resistance
6. No major pullbacks during this rally which means no one is taking profits and the big boy(hedgies) are not in the game.
just my 2
Set triggers.................
Set triggers.................
Set triggers.................
Set triggers.................
Do NOT buy without setting triggers to prevent you losing too much in the event shit goes south......
This is the name I wanted to see! I know you been putting dude on. Thanks playa. How you been?
Damn fam, I'm a broke student hustling my lil $500 trying to make a come up! I barely got 100 shares of Citi, but by Friday hopefully I'd flipped a nice amount!
Here I am thinking I'm ahead of the game you talking about easily buying 5,000 shares
You'd made a killing fam!! $5,000 investment at $1, today you would have made almost $20,000!!! And Citi has potential to get to $6 a share before their reporting on Friday... whoa..Shit I wish I had a stack to blow..easily double investment on short sales this week..
**EDIT** After hours trading, Citi is at $4.19....Fuck.....
Damn fam, I'm a broke student hustling my lil $500 trying to make a come up! I barely got 100 shares of Citi, but by Friday hopefully I'd flipped a nice amount!
Here I am thinking I'm ahead of the game you talking about easily buying 5,000 shares
Shit I wish I had a stack to blow..easily double investment on short sales this week..
**EDIT** After hours trading, Citi is at $4.19....Fuck.....
I wish!
Reread my post and you will see that I slept on the stock. I missed out on Citigroup at $1. I hit it when it was at $2.47 and even then I only copped a couple hundred shares. Once a companies stock get over $2 I start to lose interest.
I'm working on AIG and a few others now.
Edited to add:
Keep doing your research and investing. It will start to grow. If you have a good amount of shares in these companies is best not to sell until they are deep into the double digits. You also have to take into account that you pay more taxes (between 30% - 40%) when you sell stock less than a year after you bought them. Tax is 15% after a year.
It was a bad day, stock market has them all the time.
I'm holding onto Citi for the long haul, like 3-10 years. If the stock rises to even $6 a share I'll make a significant profit. Just gotta stay ahead of inflation..
What's the biz with AIG and Fannie Mae? I know AIG just made a big preferred stock exchange with the government in lieu of cash repayment of TARP money. Does anyone forsee them at least getting back to over $10 a share in future?