BRK-B should be affordable now. Look at its prospectus. You will know what its underlying investments.

Anyway, premarket movement still showing market hasn't top out yet.
Will decide to bail out from SPXU tonight if the stress tests results from Europe prove positive later.

F easily beats estimates (68c vs 40c). Shares up 4% pre-market.

SNDK which also reported yesterday, easily beats estimates (1.08 vs. 89c) but tanks because CEO wants to retire.
What a shame. But this company outlook is very good for storage and chips. Hopefully this could also
give STEC a boost for the upcoming quarter results.

Just got a news flash that the Treasury has decided to dump another 1.5 billions shares (up to 30%) of Citigroup shares.
C is under pressure at around $4.05 now.

This post has been edited by danmooncake: Jul 23 2010, 08:59 PM

News on C: Treasury-to-sell-more-citigroup-shares

In MTW @ 10, SL 9.5.

Looks like a small break out above 20MA. I think more upside to come, riding on CAT outlook.

Arghhh. Just dumped 1/3 of C, should dump all early just now.

Ah, never mind, time to buy.

hi new here,
interested in Citi, seem zaman dumping now
today's news on govt liquidating another tranche over next few mths
what's a good price to board for medium/long term?
maybe wait for dip to 3.55?
thanks

Euro stress tests came in good. Out of 91 banks, only 7 failed.
Quick reaction - Euro tanking but I think it will bounce next week.
I'm closing my shorts for weekend.

If you like C (for speculating banks), check out IRE.
They've passed the stress test.

thanks DMC,
IRE good catch, price stabilising and converging towards 50ma. if can surpass 50ma will be a clean break, i think. just thinking out aloud LOL. guess u r already on-board IRE?

Yes, just a small batch at 3.86, for speculative play only.

Charlie, I can dump becoz I bought at 3.75-3.80. No worries, U can pick-up at that level. Buy in batches.

personally, I dun think so it will reach 3.55 anytime soon. This is biggest dump by Treasury, rest assured you can buy CITI for long term. I got 3,000 Citi now.

http://247wallst.com/2010/05/17/buffett-be...-gci-ge-gs-gsk/

DMC,
IRE I queue 3.96 after you highlighted. close but no cigar (, so good luck on your trade but i read you are very cool with trades, so bravo and hope to learn from you guys here )

Zaman,
congratz on your C and thanks for the advice. will buy C in batches.

Sure, no worries mate. Set your target to buy say @ 380's

I think we got some bullish momentum here since the Friday close is above the 50MA. Next is to take the 200MA at SP500 1113. The big monthly GDP report will be here this Friday.

At premarket, FDX raises guidance. Last week, UPS reported great earnings too. Transportation seems to have better outlook here. BDI is rising again. Watch the shippers like DRYS, EGLE and DSX. I think they can move up pretty quick if momentum continues for them.

This post has been edited by danmooncake: Jul 26 2010, 09:33 PM

managed to scoop C @ 4.01 x 700. Set Sell at 4.10

Congrats on the profits.
But why is it up? Is it because of the better than expected results of the stress test?
Because the only other news I saw on C was that Treasury is going to sell another 1.5 bil shares before 30 Sept which isn't all that positive since they'll still be holding about 3.6 bil.

U.S. to further sell down Citigroup interest

This post has been edited by mH3nG: Jul 26 2010, 10:26 PM

I'm not too worry about Treasury selling because it is infact a good news if Treasury can get rid of their mother load.
It may put some initial price pressure but after that, C will eventually rise higher in the free market.

Today, we got 'rising tides and lifting all boats'. SP500 is testing 200MA. If this ceiling break, we'll get more short covering and it will go higher.

Closing update:
Dow 10525.43 +100.81 +0.97%
Nasdaq 2296.43 +26.96 +1.19%
S&P500 1115.01 +12.35 +1.12%

Bulls made its mark, closing higher today. Both Dow and SP500 closed above the 200MA.
Next target: Dow: 10600, SP500: 1131, Nasdaq: 2342


This post has been edited by danmooncake: Jul 27 2010, 04:58 AM

Not sure entirely why, just looking at the B/Sell Q. Due to positive aura in the market for now, just pick it up.

Also, anyone of you is trading S? Look at her, keep moving up, despite poor outlook of the wireless industry in Amarica.

Headline read as:
Good result from FEDEX (accounting issues again??).+11% for last 5 trading days... Looking ahead we have:

Western Union WU 16.68
DELL 13.74

Who want to bet for a positive outlook for EK? EK up 16% in the last 5 trading days.

http://www.zacks.com/stock/news/37511/Earn...+-+Analyst+Blog


This post has been edited by zamans98: Jul 27 2010, 06:00 AM

S business should continue to expand because of the newer HTC EVO 4G android phones are selling like hot cakes (for those who wanted the alternative to iPhone) and more 4G networks are been built in US.
But, looks like the upside is going to be limited here.

I'm still in IRE. I'm going to ride up a bit longer and up my stops to 4.3.

This post has been edited by danmooncake: Jul 27 2010, 06:14 AM

For me, IRE is a speculative stock, any price below $4 is a good bet.
STEC holding well.

Yes, IRE is very speculative. I'm in for a short ride only. Any bad news from Euro zone will make this dive like no parachute.

STEC is indeed moving up nicely and passed the above the 200MA.
Most likely, it will retest $16.35 high again made in May.

SP500 is on its way to 1130. Oil going to $80. Futures full of green shoots.

Update 10pm
Consumer confidence is 50.4 (July) vs. 54.3 (June).

This post has been edited by danmooncake: Jul 27 2010, 10:01 PM