So anyone following Jim Rogers' advice and buying C?

Traded around some calls last week on C.

Debating if I want to purchase some OTM calls in Jan-Mar on a run down to 4 or below. Cheap lottery tickets but lottery tickets seem to be paying off in this market.

Currently no position in C (outside of mutual funds and who knows what they are holding these days except their hands in a wringing fashion.)
 
Quote from Clubber Lang:

My guess is that C will be nationalized this weekend.

No position.
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they own it pretty much anyway. they gave them 25 billion dollars. if 25 billion can't fix you than you can't be fixed.
 
You mean he announced plans to buy premarket, no?

Quote from murray t turtle:

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Prince Al bought some premarket[didn't know he was a MR. Rogers follower ];
since than its down again to $5.01-$5.02

If they couldnt push it up any more than that in premarket;
may go down a bit more.Not a prediction:cool:

Some shorts may buy to close, peradventure later in week;
that is those that like good limit fills.
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Quote from 1flyfisher:

Rogers never said Citi was a buy @ $5. He said it was crap and going to $5.
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He said that sovereign wealth funds were suckers for buying last year and they should have waited until the banks were trading at $5/share.

"They're making a big mistake; these banks have many more problems still ahead. They should wait until these companies are really on the ropes a few years from now . . . and trading at $5 a share."

He has been dead wrong on commodities for most of 2008 but he was spot on with his investment bank call. It remains to be seen if $5 is a good bet or not. Probably 50/50 at this moment.
 
Quote from 1flyfisher:

Rogers never said Citi was a buy @ $5. He said it was crap and going to $5.
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He did actually say that C is a buy at $5, but more like a joke.
 
I doubt he's buying any; not with Citi crying for a reinstatement of the short selling ban, and with some massive toxic write downs on deck for Q4.
 
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