It's dangerous to hold C.  Or accumulate more on C . Please Guide.

Closing update

10501.05 +29.55 +0.28%
Nasdaq 2212.10 +21.79 +0.99%
S&P 500 1114.11 +7.70 +0.70%

Look at that!  We crossed over and closed above 10500..
Man, this bull market got conviction.

The question now is.. will we see 11000 first or 10000 first? 

Not much trading today since I'm letting some of remaining longs ride up (eg. TCK).
Should have hold on more.. but heck, profits are profits. 

C is a dismay today due to Tarp repayment and fear of dilution but I think we have to let it it settle down.
Too many panic sellers today and it may last a couple of trading sessions before C find its footing. 

Closing update
Dow 10624.69 +12.85 +0.12%
Nasdaq 2367.66 -0.80 -0.03%
S&P 500 1149.99 -0.25 -0.02%


Both S&P and NASQ now waiting for Dow to catch up..
This market isn't going higher.. let see how hard it can fall next week. 

Just hold c and after few year only consider to sell. Buy and sell sometime timing not correct.

I'm keeping my C shares here..not buying or selling at this level.
Will buy more if we pull back to low $4 or below.

Moved up my trailing stop for FXP to 5c higher and stopped out at 8.55. Another small profit.
That's it. I'm out. 

Since we're already so bullish over at US market, I think the bear market over China may reverse and follow suit tonight.  I'll hold before going short again.

Yes, hoping one day C will double/triple in value and then I can retire...    << just kidding >> 

Here's what I'm thinking - It is not the best of breed of banks - yes, but it is the poster child and
US govt won't let it fail.  It is slowly unwinding its toxic assets and generating revenue to offset the loss,
which has been good improvement for the last two quarters.

C now is cheap, imo, potential for more upside when it finally gets rid of the govt grasp.
I'm seeing at least $6~$7 by end of next year.

I'm not pouring all in.. just scaling in my position during pullback.

Good luck!

'Coz dollar is up and strong.  We got over-supply of Oil inventory anyway, hopefully,
this will bring the prices back down to $80 or below.

Update 3:00am:

ABK trailing stop knocked me off @ 2.35.. 
Oh well..  this thing looks like going back to $1.x

Tim Geither probably wants to see C to go to highest possible price before dumping it. 
US govt also wants to profit.

Let see if the funds will buy some at this level. The bidding is high now.
I'm going to get some trailing stop set in place.

We'll most likely to pull back below $5 before heading much higher.

4.88-4.89 now. Wanna pickup some?

Trying to get C @ 4.71, suddenly all Q are gone. Now waiting to average it..
Come on baby.

STEC is inching up slowly. Will let it run, as its still about $3+ from my average.

The market feels like pulling back 1% by next week. Oil and metals commodities moving down already.
C may not hold the 4.7 support line, but I'm seeing still a lot of calls option buyers for $5 for the far month.

If one can get cheaper price for C, go long is the name of the game here. 

No, it is not so distant away. The $5 calls buyers are still a lot.
The negative news from Goldman just an opportunity for more calls buyers in near future.
Today, calls sellers won because they didn't have to sell those and they didn't get to execute.

You see.. the US govt are in control of this. They knew about the huge volume of $5 calls and during option exp. day,
they release this Goldman boy bad news. So, they don't have to sell $5 off today. They wait till next cycle to get better price. They slowly accumulating more shares through other proxy.

This is how the game is played.  So simple.

C long anyone?? Dare to enter..?

I will choose DRYS for now. Looking very attractive.