C after market 3.86, recovered from low 3.35$ few weeks back.

STEC short sellers coming in action again.

Because it drop too much, and they cannot writing down loan forever, and best of all, they still too big to fail

Finally C move up after hold it for 2+ months.
Thats mean still can hold for few more days?

This post has been edited by hihi: Mar 10 2010, 09:55 AM

Hi guys

Can I join in the discussion ?

Regarding C, any of you gonna be pursuing it further for some scalping?

With the recent newsflow (Hedge funds + Rich dudes puchasing)and the stock breaking its 10, 50 and 200 SMA (with great volume), what do you guys think? Is it worth the momentum trading? Any of you guys holding till the 16th of this month or after?

Do share please

History repeat? Bull start coming? Same as last year where march all stock up.

Erroralot: C run up already started since it broke above 3.5 two days ago. C now has the potential it reach $4.1 as the next ceiling for resistance. If you want to buy, better use tight stop.

ozak: Look at the chart, small bull market is almost over.. we've recovered from the 9% dip in Feb, and now.. it is almost Jan high again. Almost bear time again.

I might think that for this time being, market will rise up higher than the price in Jan '10. Market dropped in February aka "readjustment" and now it will have a better strength to go higher. I expect another "readjustment" will happen during end of summer... around July.

Also, with the improvement of job data, i believe there will be readjustments but definitely not bear time.

For long term investor, there's no problem in holding the stocks.

My humble opinions only.

This post has been edited by debbieyss: Mar 10 2010, 12:07 PM

Thanks for your input

My sentiments exactly.. bought a little at 3.15, 3.48 and was wondering if i should scalp further at pre-market today..hoping to get a day trade out of this

Dmc, u seem like a seasoned trader over here, what's your take for today? Opening or closing any positions? Anything worth watching for today? Thanks!

Too late for me to enter C. MACD chart already turn positive, infact the last time MACD was positive was back in October 2009.

I've been caught napping

Maybe i should gamble, lol.

Go C! Its now at USD3.94 in the pre market.
Guys, I just noticed that there are two call warrants on C listed on Bursa; CITIGRP-C2 & CITIGRP-C3.
Anyone has any thoughts on them?
Liquidity is rather thin on the call warrants though.

Better not trade call warrants in KLSE and trade in NYSE options.
Volume small and easy for manipulation. In US, volume much larger than KLSE trading market.

C almost breached 4$. Hang on..

Come to $5

STEC moves slow..

The crazy buy.sell Q for C is just not ordinary. What a Q. 3.99-4.00 breached for the first time in many moons.

About time too. Time to take it out of the freezer and into the microwave oven.

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Added on March 10, 2010, 10:46 pmOn another note, AIG is popping! 12.60% and rising

This post has been edited by mH3nG: Mar 10 2010, 10:46 PM

and dun forget about S, just sold at 3.40, now breaching 3.85. What a day!

Looks like another flat day to me. Bulls are tired.. but continue to push little by little. I think the market wants to see Jan high again before another pull back (most likely to 50MA).

Watch Financials..they're are taking off.. C and the rest are taking XLF to higher. FAS blew the top and over 86.

Disclosure: I'm long C (accumulating slowly and selling some at the top of the BB channel). 1500 shrs @ 3.55 avg.
I'm going to sell some off if we get above $4 or near 4.1

Short 30 AIG at 36.40..

I was thinking of a pull back but looks like my guess is wrong again.
Looks like will hold my shorts on LVS for couple more days or until my stop loss kicks in.

*salute*.. Now all bulls on financial stocks and i don't dare to short it.
Or maybe when it reach top of USD55.i will consider to short it. haha

edited
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weekly 200-SMA at 40 will be nice to short

This post has been edited by dreams_achiever: Mar 10 2010, 11:53 PM