But in what manner will C be saved? Buyout at a premium from here? Or nationalization with shareholders being wiped out?
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So anyone following Jim Rogers' advice and buying C?
- Thread starter bond tr4der
- Start date
Exactly. Error had been made for not acting on his advice at the time he said. Instead of waiting to buy at $5, the believer should go shorting. Any way it's too late, forget that nice opportunity.
Quote from peilthetraveler:
you gotta wonder though if he has changed his mind since then. He said to buy at 5 a long time ago. His new buy target might be 50 cents now. I actually owned C at 30ish. Sold it when it dropped to 28. That could've been a painful ride down.
Quote from MrDODGE:
That has worked well for common stock shareholders
yup, but it's the right way, 'cause the company's basically bankrupt... and in bankrupty they would have got 0.
it would be plain wrong if the government buys C at 10$...
maybe JPM or GS will buy them for like 5-10 $ with some FED aid.