Anyone long at C?

Discussion in 'Stocks' started by universaller, Sep 1, 2009.

  1. I'm thinking about taking some position at C.
    Although there was a rumor in the market that one of the major banks was in a big trouble, I think it's just a rumor.

    Otherwise, Paulson wouldn't be betting on it with $1Bn+ in C.
  2. He wouldn't be the first one to lose a metric crapload or two betting on this.
    Or the last, given the number of times they've been rescued by the USG.

  3. Wait till it gets to about $3.25
  4. i think c will easily go to $8 but it might take another 6 to 8 months
    the market has been going up and up and up so we have to see a bit of profit taking
  5. UMDred11


    I bought at 2.98 and with a covered call got it down to 2.32 as my cost basis. I'm holding for now.
  6. Short term...

    I was thinking of loading up on the $4 Sept puts.

    or the

    AMD $4 Sept puts

    I like to gamble, looking for a home run... :D
  7. Like Soros was betting on Lehman?
  8. Okay its a no brainer the bank biz is a simple formula. fees fees fees. End of the year fees, Promo fees and also check fees or even late fees. I say step in here Gamble and let it ride. C is at 4.52 and I see 8 in a few months.

    I called it under 2 and I like it here at under 5. Its over 5 by next week and then flip to margin at 6 buy more 75% then flip again at 8 for another 25% and use the SMA to buy more at 10.

    Its not a trade for the faint hearted. If you traded and made money all year its time to invest.

    The new book is coming out soon stay tune... Cha Chink