It may be too late now. I can't believe the climb this guy's had over the past couple of days. I will watch a little longer - may get in a little on a dip. That was a good tip. Got any others?
the stock shot up 8% in early morning trading and in my haste i bought more shares at the peak of the day. but i think there's gonna be good news on May 4th on earnings. if you're not afraid of volatility, take a look at ARIA. it's been down slightly 3 straight days but it may just the dip you're looking for. DCTH has been a monster the last month or so. dont' know if it's too late for that. and i don't own.
Traders: POT (Potash) Oversold? Time to buy? Traders, How ya feel about POT (Potash)? Nice pullback hitting 200MA. Time to buy? Market overbought conditions worries me. What ya think?
I own quite a bit of C. Long term I think it's a great buy. Short term it's iffy. The problems are that the govt is selling it's shares - a good chunk per day for around 200 straight days. I just don't see how it can take that constant sell pressure but so far it has. Can it continue? Another problem is the number of shares. They have really deluted them down to raise money to pay the govt off. And given the low price and the number of shares, a reverse split is hovering. It may never happen, but it very well could and may even be necessary to correct some of C's stock flaws. A reverse split is never a good thing short term and could face a significant drop if it ever happens. But if it doesn't happen, you have the issue of too many shares, too low of price and the cloud of a RS. I wouldn't put all your eggs in that basket but if you are looking long term (5+ years) I think it is a smart buy. You may wait until the price comes back down to the low 4s or at least 4.50. I think it is due for a drop. Of course I thought that it was due for a drop at 4.20 so don't listen to me. [Edit] By the way I sold all my F at the high after Obama's plan passed. I don't see how that won't hurt their bottom line with all the retiries they have on their payroll. I do think they have a good plan in place though and they make a decent car for many groups. It did drop back but it has come back since then.
Finalsbound, did you mean your RIA likes C right now? I like it because of its exposure outside of the US market, it has a lot more global presence as compared to the other big banks like BAC, JPM or Wells Fargo, so it turnaround can be helped by that.
AMZN and MSFT both had a good earning quarter, but both stocks are taking a hit in the after hours. AMZN lowered the forecast for Q2 so I can see why, but what's the reason behind MSFT's dip?
MSFT is bouncing around 52 week highs. The good news might have already been <i>baked into</i> the current stock price. Some people believe in: <i>Buy the Rumor and Sell the News</i> while others don't. AAPL, GOOG, GS and IBM have all reported recently and AAPL is the only one that has maintained upward momentum after earnings came out. So MSFT is not unique in failing to maintain upward momentum. <hr> In regards to C, some investment organizations have prohibitions on holding stocks under $5.
Art V, can you provide a link to the 200 straight days of selling of US Government of C? I knew they are holding 7.7 billion shares, and will start selling after 4/19/10 after earning report, but have not gotten information on how it is done. Thanks.
Treasury announces plans for first Citigroup sale WASHINGTON (AP) -- The Treasury Department said Monday that its first sales of Citigroup stock will cover up to 1.5 billion shares. That would amount to about 20 percent of the 7.7 billion shares of Citigroup common stock that the government owns. It received the shares as compensation for the massive support it extended to the bank during the height of the financial crisis. The Treasury owns 27 percent of the company in return for an investment of $25 billion. In a statement Monday, Treasury said Monday that it planned to proceed with the sales of the Citigroup common stock "in an orderly fashion under a pre-arranged trading plan with Morgan Stanley, Treasury's sales agent." http://finance.yahoo.com/news/Treasury-announces-plans-for-apf-420307676.html?x=0&.v=5
This says 6 months of daily selling but it is a little more than that if you do the math... http://online.wsj.com/article/SB10001424052702304370304575151560212869470.html?ru=yahoo&mod=yahoo_hs
what do you guys think a bout the greece thing? which sector do you think it will affect the most? and if you think there's a correction, how long will it be and will it be for real?
I lost a little on palm. I had a few $6 calls Anyone have any ideas on shorting the FTSE (UK). With there debt and the possibility of a hung parliament after the elections i think it's a decent risk. I was looking at EWU Puts, but the volume is pathetic. I need something more liquid.
