STOCK MARKET: Let's talk stocks and investing

AIG! AIG! AIG!

I bought at $0.47. Now it's only a matter of when the hell should I get out of this thing? Should I wait longer or just take my gains immediately.

Stock gurus, any target prices?

 

I can't believe I sold almost all of my C shares before it hit 2 dollars.

Edit: I guess it's hard to be bad when I made such a big profit on the first rally, but I missed out on anoyhet huge rise. Any tips as to how much higher this will go?

 

According to Bernanke on 60 Minutes last night, all of the banks are fine and will not be allowed to fail and the recession is probably going to end this year.

Robbie, have you attempted to short this monster rally yet?

 

banks are unloading troubled assets in bunches now. as these come off their books, things will look brighter for them.

financials are doing very well this morning in the market.

 

How about as unemployment starts growing and people stop paying cc bills, or how those people in tech who made 200k can't afford their mortgage anymore. How do you reprice all these assets, and after repricing all the assets how much actual equity is left?

 

Starts growing? It's been growing.

But credit card exposure is a drop in the bucket to what we've seen with mortgages. It's not near the same scale.

Stay on the sidelines all you want. I'm certainly not an expert, nor am I telling you what to do with your money.

 

I'm short on financials.. the fact remains most of them are insolvent.

 

Same here...

I'm hoping it goes back down so I can cash in....doubt it.

 

Here's something to make you feel better... I bought C at $1.6x and it went up to around $1.85 and I sold.

But... I did have the guts to finally buy some SSO, FAS, and TCK last week - at least those have worked out.

 

when you and I talked about FAS last week, i didn't end up getting in. wish i had.

 

I dropped out around 1.85, but got back in today. I think it's got more life in it. I'm glad I got in early today because I've already caught a 12 percent return off it.

I think financials will continue to rally for a little while, so I'm going to hold onto C and my small chunk of AIG and see what happens. I might even sink another big chunk into C later this week depending on how it trends.

 

hate hearing it, but love hearing it.. ha, i got into FAZ at the end of last week. It hasn't been good so far obviously. But it might be better to hold at this point than get out and try and make the money elsewhere.. but that's only if the market is eventually coming back down.

 

Amateur stock guy here:

I got in on some AIG before it hit .80 today.

How long should I hold on? What are the prospects?

 

I'm so torn on what the market is going to do over the next 12 months. I have a feeling that some of these financials are going to go way back up. I wouldn't be surprised at all if Citi is trading over 10 dollars in May, nor would it shock me if it were back down at 1. I took a massive hit (50%) in my mutual funds before pulling the plug, so I'm trying to make as much back as I can before setting up a new retirement account with a different firm.

 

ANOTHER AMATEUR THIS ADVICE IS NOT REAL INVESTMENT ADVICE

I have AIG as well (very small piece) and I'm holding on it for awhile. I've read a lot of stuff about how vital AIG is to most of the big investment houses, so I'm 80% sure it won't ever fail. TO me that means it has to go back up sooner or later so why not get in on it?

 

Thats the way I feel to. AIG is too vested in right now to fail.

I bought higher than I should have (I thought about going in last week). I am looking to hang on to it until later this year, or a bit into next, to see if I can take advantage and make a bit off my grand I threw into it.

 

I am kicking myself for not jumping in when it was under .40.

 

somebody teach me about stocks, i have to get away from the GARM!

 

Anyone hear why Citi just lost 10 percent in like 45 seconds?