Playing the C Lottery

[BostonTrader339]

Quote from billyjoerob:

That data is circa 2009. And six months later, they don't look so bright.

in six months, i think they'll be smelling better than you.

 

[jem]

Quote from TRYKtrading:

The USG has a set price of $10 that I believe (and do not ask me to quote this verbatim, because I would have to look at the SEC filings to back it up and I am too lazy to do that), is their break-even, or exit price, as required by their agreement with C under TARP, which their stake would be sold into the public markets, or as part of a secondary placement through GS or JPM and the like.

The USG has done a pretty good job saving the US and world economy from total collapse by backing the GMs, AIGs, and other TARP banks, World Bank, EU Central Banks, and TALF companies, so rather than slamming your government for it, I'd be praising Obama for having saved your ungrateful asses and investing in your country. Or learn to speak to Chinese. They own most of the US Treasury debt now. And indirectly, your houses, cars, boats, farms, office buildings, shopping malls...and probably the entire state of California.

C stock, IMHO, is the deal of the century at $4, and yeah, I am and have been buying as much of it as I can, because anyone who has studied rudimentary bankruptcy law, it does have nowhere to go but up.

Just my $0.06. Idiots' opinions notwithstanding.

Praise the government for what. Spending 13 trillion to save a few banks.

They could have just handed every american 100 - 300 thousand dollars and or declared an amnesty on mortgages for a year.

Transferring trillions to China and private banks does not strike me as saving our economy. It just changes the day of reckoning. And how things are reconciled.

I would prefer if they would stop buying our bonds. It might force our government to balance the budget.

 

[killthesunshine]

why can't we see <$2/share during the obvious coming retracement??

 

[BostonTrader339]

you'd be speaking chinese right now if it weren't for MAD.
wake up.

Quote from jem:

Praise the government for what. Spending 13 trillion to save a few banks. They could have just handed every american 100 - 300 thousand dollars and or declared an amnesty on mortgages for a year. Transferring trillions to China and private banks does not strike me as saving our economy. It just changes the day of reckoning. And how things are reconciled. I would prefer if they would stop buying our bonds. It might force our government to balance the budget.

 

[killthesunshine]

don't get in at the top! :eek:

 

[jem]

Quote from TRYKtrading:

you'd be speaking chinese right now if it weren't for MAD.
wake up.

Please if it wasn't for our letting them take over some of our industries and export into our markets Japan and Russia would be speaking Chinese.

The have done a good job... as Japan did 30 -40 years ago. Lets see how China manages going forward.

But who gives a shit if they sell their dollars. They would lose a ton of principle and our exports would be more competitive. Sort of what Europe is doing now. China would lose its market.

Their not going to dump dollars in mass. Thats a bullshit threat.

 

[billyjoerob]

Quote from TRYKtrading:

in six months, i think they'll be smelling better than you.

The USG has to sell another 6 billion shares -- I wouldn't be so sure that C is going anywhere until those are sold. How long you going to wait? It's gonna take more than 6 months.

 

[BostonTrader339]

Quote from jem:

But who gives a shit if they sell their dollars. They would lose a ton of principle and our exports would be more competitive. Sort of what Europe is doing now. China would lose its market. Their not going to dump dollars in mass. Thats a bullshit threat.

this thread is about citibank, not china.

 

[BostonTrader339]

Quote from billyjoerob:

The USG has to sell another 6 billion shares -- I wouldn't be so sure that C is going anywhere until those are sold. How long you going to wait? It's gonna take more than 6 months.

lol.
let me get this straight:
the stock ISN'T going up UNTIL the other 7B shares are SOLD?

explain.
this should be interesting...

 

[billyjoerob]

Well price is determined by supply and demand. The supply includes a seller of 6 billion shares who is relatively price insensitive. I wouldn't want to front run a seller who cares more about speed than price. If the USG agreed to sell everything at once at $3.33, then there would be a green light. But it looks like they're going to dribble it out day after day until the buyers are exhausted or the selling is finished, whichever comes first.