Discussion in 'Stocks' started by lpchad, Jun 3, 2010.
Really, at this point? What isn't known at this point?
Yeah...the US government NEVER makes bad financial decisions and Prince Alwaleed was buying C back in 2003 when the price was in the mid 40s.
Try to remember there is something called the bigger fool theory and I dont see any bigger ones than the US government, Alwaleed and the many others on here that are putting a significant amount of cash into C.
Let me ask this. All you people that are buying C at $4 and hoping to sell it at $40...who is going to buy C at $40? I mean, where is the money going to come from to cash you all out at the same time? C was about $40 in 1977. If you held for the first 15 years, you doubled your money. C will be like that again. It will be 2025 and C will be at $8. C is also a daytrading stock so traders are shaving pennies off this stock every day.
there's also a bigger theory called BUY LOW, SELL HIGH.
i'm absolutely buying C for the long run. it can't go down, only up, and i like those government guarantees and saudi princes with more money than brains buying up at $45.
didn't he do a deal for apple way back when it wasn't $250?
Looks like you are down $3k this morning.
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It can go down? Its down almost 3.5% today! It can also go sideways for a decade. Heck...it might go down to $3.50 and stay sideways for 10 years. You put $100k into Citi and assuming we only have normal inflation, you still lose 50% of your buying power after 10 years. If there is high inflation, you lose even more.
If you are going to gamble, buy a small company that can really grow. Dont buy the biggest company and think you can make the same returns just because its stock price was once high. Look at a company like yahoo. Its still down 90% off its high from 10 years ago. The financial bubble burst just like the dot com. Those finance stocks are going nowhere for a long long long time. The mindset of the people is that these finance stocks are risky and they are price accordingly now.
i was short the dot com stocks in april 2000...
no, C can't go down. it's indexed to the preferred at ~3.85. it only varies on major market moves. it will be $4 by the end of this month.
Think of the 10-bagger he's going to make when it reverse splits 10 for 1!
it goes without saying how stupid that comment is on so many levels.
I changed my mind no C; I still own the stock but I've decided to write OTM covered calls until it gets exercised or I decide to sell.
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