Buy Citi tomorrow

Discussion in 'Stock Market' started by DavidS, Nov 23, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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  2. dilloduck
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    dilloduck Diamond Member

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  3. xsited1
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    xsited1 Agent P

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    Obama and his supporters can always blame Bush.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    Please don't bring politics into this thread. There are other threads to discuss that. This is about shares of citigroup and the speculation on how much it'll rise tomorrow.
     
  5. dilloduck
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    dilloduck Diamond Member

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    Fuck the speculators. Short term shit only serves to detract from the larger problem.
     
  6. tigerbob
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    tigerbob Increasingly jaded.

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    There is money set aside in the TARP specifically for this purpose (I think it's $250bn), so it seems to me that a cash injection for a bank is an appropriate use of those funds. That said, I hope Citi use the funds appropriately.

    Either way, I suspect you're right - people will make money on Citi tomorrow.
     
  7. DavidS
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    DavidS Anti-Tea Party Member

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    Dude, nothing wrong with making a little bit of money. If I invest $10K in citi at $3.77, I get 2600+ shares. If the price rises to $10/share, I make nearly $20,000. Then I sell it at the end of the day and take my profit in.
     
  8. dilloduck
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    dilloduck Diamond Member

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    Right---that's what all the CEOs and failing financial "wizards" are saying !!

     
  9. tigerbob
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    tigerbob Increasingly jaded.

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    Are you arguing for the suspension of trading in Citi shares? It doesn't sound like you.
     
  10. dilloduck
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    dilloduck Diamond Member

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    Apparently everyone loves to gamble on stocks. It's a great game for insiders. The problem is that we are already bailing out people who were basically nothing but gamblers who hoped they weren't stuck holding the "old maid" when the game was over.
     

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