Playing the C Lottery

Quote from TRYKtrading:

ok, so let me get this straight:

Citibank, the largest capitalised bank in the world, backed by the US government itself to the tune of what, $10T+ in derivatives guarantees, 10%+ owned by the Saudi Prince himself, the biggest hedge funds out there buying up hundreds of millions of shares in their portfolios, a bank with assets in every country, every industry, every man, woman and child in the world somehow connected to it, is not going to be worth a measly $1T someday.

O.K.

OF COURSE THE STOCK IS GOING TO BE REVERSE SPLIT.

at $4 today, leveraged at even money or better, $10 a share is one hell of a sweet payoff.

i'm all in.
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Yeah...the US government NEVER makes bad financial decisions and Prince Alwaleed was buying C back in 2003 when the price was in the mid 40s.

Try to remember there is something called the bigger fool theory and I dont see any bigger ones than the US government, Alwaleed and the many others on here that are putting a significant amount of cash into C.

Let me ask this. All you people that are buying C at $4 and hoping to sell it at $40...who is going to buy C at $40? I mean, where is the money going to come from to cash you all out at the same time? C was about $40 in 1977. If you held for the first 15 years, you doubled your money. C will be like that again. It will be 2025 and C will be at $8. C is also a daytrading stock so traders are shaving pennies off this stock every day.
 
there's also a bigger theory called BUY LOW, SELL HIGH.

i'm absolutely buying C for the long run. it can't go down, only up, and i like those government guarantees and saudi princes with more money than brains buying up at $45.

didn't he do a deal for apple way back when it wasn't $250?

this conversation...
is over.

Quote from peilthetraveler:

Yeah...the US government NEVER makes bad financial decisions and Prince Alwaleed was buying C back in 2003 when the price was in the mid 40s.

Let me ask this. All you people that are buying C at $4 and hoping to sell it at $40...who is going to buy C at $40? I mean, where is the money going to come from to cash you all out at the same time? C was about $40 in 1977. If you held for the first 15 years, you doubled your money. C will be like that again. It will be 2025 and C will be at $8. C is also a daytrading stock so traders are shaving pennies off this stock every day.
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Quote from lpchad:

Just bought 22,000 shares of C average fill of $3.96

Holding for up to 5 years. Hoping to net a cool million. ~$45 share.

Let's see how this does compared to active trading.
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Looks like you are down $3k this morning.


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Quote from TRYKtrading:

there's also a bigger theory called BUY LOW, SELL HIGH.

i'm absolutely buying C for the long run. it can't go down, only up, and i like those government guarantees and saudi princes with more money than brains buying up at $45.

didn't he do a deal for apple way back when it wasn't $250?

this conversation...
is over.
More...

It can go down? Its down almost 3.5% today! It can also go sideways for a decade. Heck...it might go down to $3.50 and stay sideways for 10 years. You put $100k into Citi and assuming we only have normal inflation, you still lose 50% of your buying power after 10 years. If there is high inflation, you lose even more.

If you are going to gamble, buy a small company that can really grow. Dont buy the biggest company and think you can make the same returns just because its stock price was once high. Look at a company like yahoo. Its still down 90% off its high from 10 years ago. The financial bubble burst just like the dot com. Those finance stocks are going nowhere for a long long long time. The mindset of the people is that these finance stocks are risky and they are price accordingly now.
 
i was short the dot com stocks in april 2000...

no, C can't go down. it's indexed to the preferred at ~3.85. it only varies on major market moves. it will be $4 by the end of this month.



Quote from peilthetraveler:

It can go down? Its down almost 3.5% today! It can also go sideways for a decade. Heck...it might go down to $3.50 and stay sideways for 10 years. You put $100k into Citi and assuming we only have normal inflation, you still lose 50% of your buying power after 10 years. If there is high inflation, you lose even more.
More...
 
Quote from peilthetraveler:

It can go down? Its down almost 3.5% today! It can also go sideways for a decade. Heck...it might go down to $3.50 and stay sideways for 10 years. You put $100k into Citi and assuming we only have normal inflation, you still lose 50% of your buying power after 10 years. If there is high inflation, you lose even more.

If you are going to gamble, buy a small company that can really grow. Dont buy the biggest company and think you can make the same returns just because its stock price was once high. Look at a company like yahoo. Its still down 90% off its high from 10 years ago. The financial bubble burst just like the dot com. Those finance stocks are going nowhere for a long long long time. The mindset of the people is that these finance stocks are risky and they are price accordingly now.
More...

Think of the 10-bagger he's going to make when it reverse splits 10 for 1!
 
Quote from TRYKtrading:

OF COURSE THE STOCK IS GOING TO BE REVERSE SPLIT.

at $4 today, leveraged at even money or better, $10 a share is one hell of a sweet payoff.

i'm all in.
More...
 
I changed my mind no C; I still own the stock but I've decided to write OTM covered calls until it gets exercised or I decide to sell.
 
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