If you ever observed investment bank´s recommendation philosophy, you would understand nazzdack´s suggestion.
Under what conditions will C bounce back to above $2 region?
- Thread starter mizhael
- Start date
If you ever observed investment bank´s recommendation philosophy, you would understand nazzdack´s suggestion.
In the past it happened that investment banks "sell" recommendation for their friendly neighbourhood banks used to be the bottom for the stock "in play". ;=)
Oh, no need to worry about being delisted by NYSE.
FRE, FNM, AIG have been under $1.00 since about Oct 2008 and counting. They are still trading. NYSE has done a pretty good job in arbitrarily enforcing their stringent listing requirements for being above $1.00 for 30 days (recently extended).
If the current leaders ever listen to Steve Forbes and at least temporarily stop the mark-to-market madness.
There is a chance something could happen Mar 12th or so.
Check the following:
http://www.cnbc.com/id/29549920
My opinion:
1. I don't trust that they will take any action on or around Mar 12th.
2. If they DO, I think financials WOULD soar at least short term.
JJacksET4
There is a chance something could happen Mar 12th or so.
Check the following:
http://www.cnbc.com/id/29549920
My opinion:
1. I don't trust that they will take any action on or around Mar 12th.
2. If they DO, I think financials WOULD soar at least short term.
JJacksET4
I will give you the one condition in which C would probably get above 10 dollars. The board of directors would have to vote on it and they would have to declare a reverse-split.
You see, what has happened is there is too much dilution very similiar to what happened to technology and dot.com companies in the year 2000. There is simply too many shares out there and no one wants to buy them.
With all the mayhem and loss of $$$, will anyone ever want to touch those blasted financial companies ever again? I bet there will be a few that will be touched, but the rest will wonder around in obscurity for 20 or more years to come maybe never reaching the old highs they once occupied.
Meanwhile, other companies in non-financial industries will go into bubble mode. Rest assured. Citibank will never ever reach the lofty levels it once held.
Did the railroads during the 1800s ever reach their old highs? Yeah, maybe a hundred years later.
You see, what has happened is there is too much dilution very similiar to what happened to technology and dot.com companies in the year 2000. There is simply too many shares out there and no one wants to buy them.
With all the mayhem and loss of $$$, will anyone ever want to touch those blasted financial companies ever again? I bet there will be a few that will be touched, but the rest will wonder around in obscurity for 20 or more years to come maybe never reaching the old highs they once occupied.
Meanwhile, other companies in non-financial industries will go into bubble mode. Rest assured. Citibank will never ever reach the lofty levels it once held.
Did the railroads during the 1800s ever reach their old highs? Yeah, maybe a hundred years later.
When hell freezes over...
Quote from nazzdack:
1) GS and MS would have to issue a "strong sell" recommendation on C.
2) It'll happen AFTER you sell out of your losing position from the teens.
Nazz: you are one of the best posters on this forum. I enjoy reading your short but powerful posts!