Playing the C Lottery

Discussion in 'Stocks' started by lpchad, Jun 3, 2010.

  1. Really, at this point? What isn't known at this point?
    #21     Jun 4, 2010
  2. 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.
    #22     Jun 4, 2010
  3. 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?

    this conversation...
    is over.

    #23     Jun 4, 2010
  4. Looks like you are down $3k this morning.

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    #24     Jun 4, 2010
  5. It can go down? Its down almost 3.5% today! It can also go sideways for a decade. 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.
    #25     Jun 4, 2010
  6. 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.

    #26     Jun 4, 2010
  7. Think of the 10-bagger he's going to make when it reverse splits 10 for 1!
    #27     Jun 4, 2010
  8. it goes without saying how stupid that comment is on so many levels.
    #28     Jun 4, 2010
    #29     Jun 4, 2010
  10. masonyes


    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.
    #30     Jun 4, 2010