C
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Quote from bgp:
i hope cashmoney only bought on paper ?
bgp
Starting to wish that were true.
Dec. 11 (Bloomberg) -- Citigroup Inc.'s appointment of former Morgan Stanley President Vikram Pandit was the world's biggest business story for 84 seconds.
The largest U.S. bank formally announced the decision at 2:15:01 p.m. in New York, ending two months of speculation about who would replace Charles O. Prince. The news was overshadowed at 2:16:25 p.m., when the Federal Reserve cut its benchmark lending rate by a quarter-point and sparked the steepest stock market sell-off in a month.
http://www.bloomberg.com/apps/news?pid=20601109&sid=axlApESqZxtU&refer=home
Concede what?
If you think C is going out of business you're an idiot or know little to nothing about value investing. I know this site is about trading, but a trader that thinks they're going to make all their fortune through pure trading is only fooling themselves, or just a sadist that likes making things harder than they have to be (a lot here choose to pursue the latter). I'll buy a distressed company like C anyday and just protect the position through the options markets. As a company, C will be on this planet in some form or fashion a lot longer than you and I will be my friend.
Go ahead and short it, you'll probably make a little money down to $30 or so.
C at these levels and below is a buy and hold. Believe me, I've been down this road before and it pays the bills quite adequately. Patience pays, oh forgot, that's a virtue in short supply around here with all these "Elite" traders (pikers still living in mom and dad's spare bedroom).
Good Luck!
If you think C is going out of business you're an idiot or know little to nothing about value investing. I know this site is about trading, but a trader that thinks they're going to make all their fortune through pure trading is only fooling themselves, or just a sadist that likes making things harder than they have to be (a lot here choose to pursue the latter). I'll buy a distressed company like C anyday and just protect the position through the options markets. As a company, C will be on this planet in some form or fashion a lot longer than you and I will be my friend.
Go ahead and short it, you'll probably make a little money down to $30 or so.
C at these levels and below is a buy and hold. Believe me, I've been down this road before and it pays the bills quite adequately. Patience pays, oh forgot, that's a virtue in short supply around here with all these "Elite" traders (pikers still living in mom and dad's spare bedroom).
Good Luck!