was just checking ing too before your post..
too bad, too late to enter?

Looking at current BUY trend, worth a shot. But be cautious, same with RBS.

LONG INTC, hit 19.70, nearing my TP but all the way down in less than 5 minutes back to 19.40. Its a good LONG.

Reload another batch of LVS. MGM looking tired at current price.

yupe.. MGM is tired. but I still will wait for 11.10.

Woah, looks like my C bought at 3.84 really become titanic already. Only good news is other sectors doing well. HDD manufacturers gained 3% today.

Not yet.. C is not Titanic yet unless it drops below $3.
IMO, between $3.35 and $3.50 is a gift.
I'm ready to pull the trigger.

I'm still watching Oil and USD tonight.
The bulls for Dow and S&P are getting tired but Oil rally keeping it up.

Dow needs to reach 10500 again and attempt one more time to break thru.

Update: 4:30am
Fed keeps interest rate low.. as usual, we'll have sell the news going on.
Dow in -18 now.

Let's buy this dip!

Managed to grab more ERX @ 38.75

Closing update
Dow 10441.12 -10.88 -0.10%
Nasdaq 2206.91 +5.86 +0.27%
S&P 500 1107.93 +1.25 +0.11%

We got a bit of sell off during the closing after Fed news. But, overall, stocks did move higher!
Oil has confirmation on bullish trend now (close above $72.50).

This post has been edited by danmooncake: Dec 17 2009, 06:22 AM

After all, that's still a 'too big to fail' bank...

Oh fcuk, C is "historic" low again for since DOG JONES at 7,000 pts.

and Uncle Ben is TIME's man of the year. Oh my!

CITIGROUP INC
(NYSE: C)

After Hours: 3.19 Down -0.26 (-7.54%) 7:34pm ET

Would the gov let it fall after inject so much money for the first bail out?

Shouldn't fail this round, but share price might fail...

Time to go in for C? Look very low.

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Added on December 17, 2009, 9:05 amHmm.. than now is not low enough. Should wait it fall further.

This post has been edited by ozak: Dec 17 2009, 09:05 AM

look at this:
http://www.firstrade.com/public/en_us/news...&imageField.y=0

Citi today announced the pricing of 5.4 billion common shares and 35 million tangible equity units as part of its agreement with the U.S. government and its regulators to repay U.S. taxpayers for the $20 billion the government holds in TARP trust preferred securities and to terminate the loss-sharing agreement with the government. The common stock priced at $3.15 per share, generating net proceeds of approximately $17 billion.

Yup, saw on CNBC this morning.

Offer is $3.15/share, with 7.5% Div Yield?
Hence, the Government is not selling yet, they got 90 days frozen period.

As you can see, Citi is increasing the stock volumn and pushing the 7.7 billion stock it holds to the market. US Treasury wants to get away from Citi. Ben does not announce interest increase now, for the price of C also.

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Added on December 17, 2009, 9:44 amIt all depends on Citibank management capability already, if they can turn to profit, then the stock price will go up; if not the price will dip.

This post has been edited by epalbee3: Dec 17 2009, 09:44 AM

Not so fast, read back few pages. Some blog already spit out that the interest rate won't be moving up. So, Uncle Ben is the most powerful man in US right now. (and he's Jewish)

Saw on CNBC, that few CEO of many Investment firms looking at DOW 13K next year.

My target to enter C again is below 3.00.

I will re-enter @ any price below 3.15. not much but buying about 1,000

There are tremendous number of shorts for C due to this secondary offering or people are dumping
it ahead of the offering because they're angry. Now that the brokerage house have grab them all, the govt is not selling their shares, I wonder if this would trigger a sudden short squeeze the next few days? If it does, it
would be funny to watch, suddenly shorts have to cover, trigger massive buy, C would rise back to $5.

This post has been edited by danmooncake: Dec 17 2009, 11:05 AM

Buy on dips and then wait for the short squeeze to happen.

only after it drops to < 3.15.

secondary offers make the stock volumn increases but with same booking value.

It is possible to raise back to 5, if insider new show that C has recovered and started to earn.

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Added on December 17, 2009, 12:04 pmAs long as government is not selling their stocks, the real value cannot be disclosed. who wants to push the stock price high for government to reap?

It might swing between 3.15 - 3.75. the price US government wants to sell..

This post has been edited by epalbee3: Dec 17 2009, 12:04 PM

Just read many Investment house analyst and CEO, plus there are on-going debate in CNBC a moment ago.

C is part of S&P 500 - now by Friday (this friday?) or next week before christmas, they need to re-adjust/balance the S&P 500. 2 billions shares need to change hand. Thus the short term we will see C rise but how high, nobody knows.

I'm ready to enter today, for short term, to reduce my losses before C downhill again, when GOVT start selling.