Is it going under? I am buying now…
I had placed a long-time GTC Limit order at $8.00 long time ago. … and that got triggered yesterday 
So more money down the drain.
I would say just hold it for now. Money has stuck in the market and selling here is out of question (heart says no for taking 40-50% loss on stocks). Just ride this through.
Citi will go bankrupt…just like LEH. The shorts will ensure this.
louisvillegrad Wrote: ------------------------------------------------------- > Citi will go bankrupt…just like LEH. The shorts > will ensure this. I doubt it. It is too big to die. Leh had liquidity problems among many. If it goes down nothing can stop global economy to go in the depression.
Dude have you been sleeping? We are GUARANTEED to go into a depression. The elites need a global scale war and mass population reduction.
we haven’t gone yet but debacle of C will take it sooner…
All the conspiracy theorists will end up being proven correct.
-427.71
you had 250 shares? I didnt buy that much though.
Just 70 shares. I am a Rookie!
dinesh.sundrani Wrote: ------------------------------------------------------- > I had placed a long-time GTC Limit order at $8.00 > long time ago. > > … and that got triggered yesterday So more > money down the drain. This is called giving away free options becasue you’re lazy. Bad.
Thats less than 800 dollars.
It’s ok. I am used to stock prices going to zero. I am a distressed investor ;-p 1st LEH went under and took my portfolio with it, then trying to grab BAC-MER synergies, got MER, and sucker BAC became a penny stock, now this C is going to reach $5 soon. Luckily I am well diversified and invested in all the sectors cross-sectionally, but that doesn’t help in such a bear market.
USB/GS eat it
It is so hard to tell what is going to happen with the government flip-flopping on what they are going to do with the TARP, etc. I don’t like that the rules keep changing (daily). I don’t expect spectacular returns here any time soon (or ever w/ reduced leverage and continuing credit contagion) but the insane government liquidity actions and capital injections should prop up the big players long enough for the housing/credit market to go through the ever so painful price discovery process. That makes me hesitant to make a short bet here on the major players. . . not saying I’m going long either.
daj224 Wrote: ------------------------------------------------------- > USB/GS eat it Oh my - what does this mean? I have both of them.
Short GS…it will definitely be in the 20’s soon. You should take comfort in the fact that their execs and traders are shorting themselves using the bailout money which Paulson so eagerly handed off.
louisvillegrad - do you have something intelligent to add to any discussion except these accusatory statements combined with brash predictions? Just about any thread on AF reads better if we just wipe out all your posts.
CITI IN FREE FALL!!! down 20% any bank traded such a discount to its BV and survived??? i guess Citi will become another Frannie, AIG kinda zombie cannot imagine a run on Citi across the globe