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Investing in US stocks, Does anyone know how?
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GHz
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 Oct 15 2009, 10:31 AM
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QUOTE(zamans98 @ Oct 15 2009, 08:16 AM) WOOT - URE hit another week high 613. GHz - my Q of URE didn't materialised at 590  S is heading north as well due to the feel good factor. I'm still holding my C - TP 5.05 - or higher, depends on market feels n condition. Dumping ETFC for URE or UYG soon. WOW, URE close at 6.13, nevermind. I still gain even though not that much. Yes S heading north  It exceed my average price now. Did you manage buy any? |
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chin20350
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Oct 15 2009, 05:00 PM
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Getting Started
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i suggest to use Firstrade.
Quick , cheap , reliable and not hassle as other broker need this need that.
Some broker need you to show your income slip, tax statement and bla bla bla.
Firstrade just need your passport, registration form and W8-ex form.
Seem like many people are interested in US stock market .
I have 7 us stock in my hand now and below is my purchase price.
GE- 10.38
C- 3.07
X- 36.50
COP - 41.50
GGB - 10.30
PBR - 36
and the latest stock that i bought is S last month.
Call Option on Jan11 exercise price $7.5.
What i suggest is long-term investing and on one can predict short-term movement of a stock. Just be confident in the stock you bought provided that you have do your homework.
Recently i am looking to invest very minor portion of money to CIT (not citibank). And wonder if the company will brankrupt a not.
Anyone watching that stock and any comment on it??
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mH3nG
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Oct 15 2009, 06:12 PM
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QUOTE Shares Higher Ahead of Citigroup © Q3 Earnings Release Tomorrow
Citigroup Inc. (NYSE: C) shares are trading moderately higher ahead of its
Q3 earnings report, expected out just before the market opens tomorrow, October 15, 2009. The stock is up 2.80% to $4.97.
Analysts currently expect Citigroup to report quarterly loss of $0.38 per share on revenue of $20.04 billion. According to data from Bloomberg, 7 analysts have Buy ratings on Citi, 9 have Holds and 6 have Sell ratings on the stock.
Analysts have an average price target of $4.73.
Keefe, Bruyette, and Woods' (KBW) analysts state, "The investment thesis of Citigroup is challenging given our expectations for continued operating losses following a capital raise that resulted in meaningful dilution and government ownership. Moreover, we believe reducing risk embedded in certain non-core segments is unlikely to be a quick process. That said, a renewed focus on historical strengths that lever its competitive advantages, especially its international platform, may allow Citigroup to return to success longer term." KBW has a Market Perform rating with a downside price target of $4.20.
Richard Bove, of Rochedale Securities, raised his price target on Citigroup Inc. (NYSE: C) to $6.50 and said that Citigroup "has an attractive long-term future" and "will be funded by one of the most liquid balance sheets in banking."
Just this week, Deutsche Bank started new coverage on the Citigroup with a Buy rating and $5.50 price target. They said while issues remain, investor focus will eventually shift to what Citi can earn in a more normal environment and what will be done with excess capital.
Citigroup will issue its third quarter 2009 results via press release at approximately 8:00 AM (EDT) on October 15, 2009. Results will be reviewed via live webcast and teleconference at 11:00 AM. Stay tuned to StreetInsider.com's Earnings section to see our analysis of the highly-anticipated quarterly results within seconds of their release.
A big question investors will likely focus on will be related to what, if anything, will be done with the U.S. government's 7,692,307,692 share, or 33.6%, stake. In addition, investors will wonder if a reverse stock split is still on the table. p.s. C is trading at USD5.08 in the pre-market.  |
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zamans98
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Oct 15 2009, 07:27 PM
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QUOTE(mH3nG @ Oct 15 2009, 06:12 PM) p.s. C is trading at USD5.08 in the pre-market. Hell, should sell earlier when it hit 510. Now in limbo, dropped to 485 and fast. Haiya. There goes my $$ WHY C cannot go beyond $5? |
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mH3nG
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Oct 15 2009, 08:06 PM
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Even Goldman Sachs is trading lower today.
Added on October 15, 2009, 8:08 pmC is losing 0.23cents per share this quarter compared to 0.29 cents per share last quarter.
Added on October 15, 2009, 8:29 pmCitigroup Has $101 Million Profit on Higher Deposits, LoansThis post has been edited by mH3nG: Oct 15 2009, 08:29 PM |
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zamans98
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Oct 15 2009, 09:29 PM
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Bloody hell, just after the news, C tumbled from 512 to 479 now.
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mH3nG
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Oct 15 2009, 09:31 PM
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Yeah very odd even though Goldman Sachs and Citi reported better than expected profits.  |
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epalbee3
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Oct 15 2009, 09:33 PM
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run now!
today market starts to crash..
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mH3nG
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Oct 15 2009, 09:37 PM
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QUOTE(epalbee3 @ Oct 15 2009, 09:33 PM) run now! today market starts to crash.. On what basis is it going to crash? I think the drop was probably due to the investors anticipation of a better than expected 3q result. Buying on rumours and selling on news... C is holding steady at USD4.8 This post has been edited by mH3nG: Oct 15 2009, 10:10 PM |
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epalbee3
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Oct 15 2009, 09:43 PM
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QUOTE(mH3nG @ Oct 15 2009, 09:37 PM) On what basis is it going to crash? C is lost the confidence of buyers.. |
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mynewuser
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Oct 15 2009, 10:01 PM
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What to buy today?
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GHz
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Oct 15 2009, 10:30 PM
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QUOTE(mynewuser @ Oct 15 2009, 10:01 PM) I also don't know what to buy. Thinking of buying C but maybe at slightly lower price, |
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mynewuser
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Oct 15 2009, 10:31 PM
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Get burn by LVS. But lucky small amt.
It look like AIG volume pick-up.
This post has been edited by mynewuser: Oct 15 2009, 10:36 PM
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danmooncake
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Oct 15 2009, 10:57 PM
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I've sold my last batch of C yesterday at $5. Now, looking to buy back at 4.50 or below. Remember to trade the range if you're playing C to be safe. Good luck!  |
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GHz
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Oct 15 2009, 11:01 PM
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QUOTE(danmooncake @ Oct 15 2009, 10:57 PM) I've sold my last batch of C yesterday at $5. Now, looking to buy back at 4.50 or below. Remember to trade the range if you're playing C to be safe. Good luck! OK I am following you. Buying C at 4.5 or lower. I am looking at EK as well. Not sure what is the best entry point? Maybe at 4 |
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mynewuser
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Oct 15 2009, 11:03 PM
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No one try FAS?
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danmooncake
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Oct 15 2009, 11:07 PM
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QUOTE(mynewuser @ Oct 15 2009, 11:03 PM) I would if I can day trade.. but needs reliable Internet access. Internet access in China sucks.. much slower than Streamyx. |
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epalbee3
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Oct 15 2009, 11:09 PM
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C is dropping sharply.. no chance to go up to USD 5 again.
So you can try to buy below USD 4
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zamans98
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Oct 15 2009, 11:09 PM
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SOLD ETFC, NO LOSS/GAIN.
Suddenly move 2cts from my sold price. Yucks!
Re-enter C at 470
Added on October 15, 2009, 11:11 pmSOLD S x500 @ 355 with $45 net profit.
This post has been edited by zamans98: Oct 15 2009, 11:11 PM
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mH3nG
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Oct 15 2009, 11:19 PM
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QUOTE(zamans98 @ Oct 15 2009, 11:09 PM) SOLD ETFC, NO LOSS/GAIN. Suddenly move 2cts from my sold price. Yucks! Re-enter C at 470
Added on October 15, 2009, 11:11 pmSOLD S x500 @ 355 with $45 net profit. Haha. I'll be holding ETFC unless there's any adverse news on it. Btw, what other earnings report is slated for tomorrow aside from GE? |
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