UYG will do a reverse split if it gets below $3 or $4 dollars.
Jim Rogers: Citigroup is a buy at $5
- Thread starter turkeyneck
- Start date
UYG will do a reverse split if it gets below $3 or $4 dollars.
CEO thinks it's a buy @ $8... 
SAN FRANCISCO (MarketWatch) -- Citigroup Inc. executives bought up large chunks of the company's stock Thursday as shares dropped to levels not seen since the mid-1990s.
Chief Executive Vikram Pandit acquired roughly 750,000 shares of the firm's common stock at prices between $8.92 and $9.45, according to a filing with the Securities & Exchange Commission.
In addition, institutional clients group head John Havens acquired 250,000 shares, according to a report in the online edition of The Wall Street Journal.
http://www.marketwatch.com/news/sto...x?guid={9A098627-13F2-4ABD-BABC-6CCAAD141B5F}
SAN FRANCISCO (MarketWatch) -- Citigroup Inc. executives bought up large chunks of the company's stock Thursday as shares dropped to levels not seen since the mid-1990s.
Chief Executive Vikram Pandit acquired roughly 750,000 shares of the firm's common stock at prices between $8.92 and $9.45, according to a filing with the Securities & Exchange Commission.
In addition, institutional clients group head John Havens acquired 250,000 shares, according to a report in the online edition of The Wall Street Journal.
http://www.marketwatch.com/news/sto...x?guid={9A098627-13F2-4ABD-BABC-6CCAAD141B5F}
Quote from boost123:
Citigroup is the No1 company in the world. Bigger than Buffett Berkshire Hathaway and Microsoft put together.
Citigroup is a BUY at this level!!!!!!!! Trust me!!
Jim Rogers is a big clown earning big salary and bonus and spews out lots of crap! maybe he is paid to spew out crap?
Citigroup assets are 1,900 Billions $$$$ [rank No1 in world]
Berkshire 248 Billions $$$$$ [rank 16th in world]
Microsoft 12 Billions$$$$$ [rank 66 in world]
Even Citigroup profits is equal to those 2 companies put together!
link http://www.forbes.com/lists/2007/18/biz_07forbes2000_The-Global-2000_Rank.html
Booster
Looks like Jimmy's $5 bid will get hit very soon...
Ouch...
I'll take some at 5. I don't have a position in C but it is worth a gamble at that price... worth a shot anyway. I'm willing to take a loss on the entire position if it goes to zero so risk management should be a breeze. I figure if C goes under the entire financial sector is going down so what the heck. You can always use the paper money you have left to burn for the winter... it might be a cold one.
Will they cut the dividend @ $5?
JR is looking great on this call but one thing I don't understand is this:
He says oil is still in a bull market and bull markets have 50% corrections all the time.
By that definition the stock market is still in a bull market, this is just a healthy correction.
So basically there is no such thing as a bear market in the indexes. Just pull backs.
That actually makes sense somewhat because lousy/bankrupt companies get dropped from the indexes all the time so with only solid companies in the index well, yeah, then its a never ending bull market..
He says oil is still in a bull market and bull markets have 50% corrections all the time.
By that definition the stock market is still in a bull market, this is just a healthy correction.
So basically there is no such thing as a bear market in the indexes. Just pull backs.
That actually makes sense somewhat because lousy/bankrupt companies get dropped from the indexes all the time so with only solid companies in the index well, yeah, then its a never ending bull market..