So anyone following Jim Rogers' advice and buying C?

[rock34748]

100 shares at $4.44 just because I wanted a piece of history (or a tiny profit.) If I waited like 20 - 30 minutes I could have got it like .80 cheaper. Oh well. History is what it's looking like.

 

[dsq]

i bot 100 C on wednesday for 6 50 as a gamble shot like MS.I sold at 4 95 yesterday after close.I said to myself 650 bucks aint much but if C goes sub 5 and cant catch a bid or rebound,its a no brainer this thing is worthless paper.

 

[dsq]

Quote from Norlan:

anyone understand how certain people able to acquire a position for such price?

I used Scottrade to put my order on C BUY 500 limit @ $3.80
11/21/2008 4:39 PM
Extended Hours

On Nasdaq it shows
Citigroup (C) :
After Hours Trade Reporting:
16:40 $ 4.07 1,000
16:40 $ 3.77 165,644
16:40 $ 4.07 600

Is there a backdoor around trades to push down the price?

Hope you didnt get filled.
That is 2000$ less you would have come monday.Shares go worthless or pennies a la lehman on monday or tuesday.Probably anyway.

 

[murray t turtle]

Quote from bellman:

You mean he announced plans to buy premarket, no?

================
His buys maybe way above the $5.00 level;
a price level mentioned several times in this Jim Roger's note.


Actually bellM, i dont know Prince Al's cost or average cost;
but Prince Al & friends probably made so much on thier black gold/texas tea-he may look on C buy as charity/long shot
Sort of a public relations give back to USA, for all his big oil profits.

Seldom short @ $5.00 late level, but may close a short there , depending .
One reason many institutions[& Investors Business Daily ] dont like buying entry or shorting entry of $5.00 stocks. math gets tricky fast , cash price of Citigroup is up 58.8 % premarket.

 

[osorico]

Quote from osorico:

FWIW; I just picked up 130@3.80 in my IRA. GTC stop is also on @1.65. Hows that for confidence?

Osorico

Flat @6.40. +338, 68.4%
Original plan was to hold 30. But nothing is clear regarding C other than a meaningless dividend.

Regardless, twas a good trade if I say so myself.
Osorico