Redscape - View topic

C	Page 1 of 1

Author

Topic

Dag Hammarsjkold
Emissary

Tue Apr 06, 2010 7:58 pm

I'm in for the long haul with C. Anyone else?

Have you seen the volume of C shares being traded in the last few weeks?

And by "long haul" I mean 12 months. That's about all I can stand.

dh

_________________
For everything that has passed, "thankyou". For everything still to come, "yes!"

posts: 955 | location: New York | joined: 15 Oct 2002

Bluesman
Adjutant

Wed Apr 07, 2010 10:19 am

If I may ask, what makes Citi attractive to you at this time?

_________________
Beauty will save the world
-- Dostoevsky

posts: 2616 | joined: 07 Mar 2003

Dag Hammarsjkold
Emissary

Fri Apr 09, 2010 1:05 pm

Bluesman,

Wher haev ye ben lad?

In summary, I think the company took a well deserved beat down given their involvment in the housing debacle. They admitted their mistakes, most recently before the Financial Crisis Inquiry Commission and highlighted the importance of more regulations which we all know is in the hopper. I think the fact that they admitted to their errors will play into the hands of investors. They are embarrassed as well they should be and my hope is they've hit rock bottom and now have the motivation to make the changes needed to see to it that they are more rock solid in the future. I think this group is savvy enough to know that anything like what happened happens again, it will be off with their heads!!

I like Mr. Pandit. I think he wants to do right by the company. I also think that Howard Baker knows more about foreign markets/politics than anyone. His presence is assuring.

We are talking about a major worldwide company that will not simply go away because of a poor market, no matter where that market is. The fact that the US market seems to be awakening from its recent slumber indicates to me that the rest of the world should follow suit in the next year or so.

Remember, the company has been around forever. To me longevity means something. I suspect C will be around long after I'm gone. Investors like longevity. Or at least some investors do.

I'm hoping that the big mutual fund players will recognize the current deal on C and jump in when it hits $5 to $7. Today it closed at $4.30 something. There will surely be a couple of pull backs in the weeks to follow but if we can get that far, I feel like I'll be able to lock in on this company for 12 months easy.

Finally, I like Dan Fitzpatrick of the stockmarketmentor.com. He's had some good things to say about C as has the madman Kraemer. I can take or leave Kraemer but I like Fitzpatrick. He's helped me get a little better at all this.

posts: 955 | location: New York | joined: 15 Oct 2002

Dag Hammarsjkold
Emissary

Wed Apr 14, 2010 11:38 am

Bluesman,

Did you jump in? C closed today at $4.93 or something. C'mon my man!!

dh

posts: 955 | location: New York | joined: 15 Oct 2002

Bluesman
Adjutant

Thu Apr 15, 2010 11:34 am

Thanks for the tip and your theory. Currently trading at 4.80, which is still within what appears to me typical volatility for this stock since Apr. 09. I'll be interested to see if your break-out theory works out in the next month or two.

posts: 2616 | joined: 07 Mar 2003

Page 1 of 1

You cannot post new topics
You cannot reply to topics
You cannot edit your posts
You cannot delete your posts
You cannot vote in polls
You cannot attach files in this forum
You cannot download files in this forum

Jump to: