Its going up today, as Indexes are buying it to the close today. I would wait for couple more up days before i get in. And if you do get in, i would not expect much of a return for 2 - 3 years, and ofcourse that is if it doesnt go BK. Sid

sidster · Dec 18, 2009 12:52 PM

Why do you want to invest in C while there are other opportunities that are safer. C is where is it at for a reason. My 2 cents (From 11 years of investing experience) - Pigs gets slaughtered sooner or later.

gavgit · Dec 18, 2009 12:54 PM

 I bought AIG at around $34 couple weeks back. Its been $27-$29 range since few days. What do you guys think of AIG.

Laure_boi · Dec 18, 2009 12:58 PM

It could be even easier if u can tell me your best positions.

thyangboche · Dec 18, 2009 1:01 PM

today's the uptrend. buying selling today can make u bullish. normally i dont hold this junk.

Om shauraye namah · Dec 18, 2009 1:16 PM

My 2 cents for new investors - I used to be like most of you - my stock selection mostly based on the value. That is what I am seeing with most of you here - you want to make quick money by investing in beaten down stocks like C, AIG, Freddi, Fannie, etc. It may work with couple of these and you will get into the habit of picking stocks based on the value. Sooner or later you will get burned......

gavgit · Dec 18, 2009 1:21 PM

There is a difference between investing (blue Chips) and gambling (speculative, C, FRE, FNM,AIG) Investing stocks have low risks and low loss or gains. Speculative stocks have high risk thus high rate or return or loss. Its up to an individual on how he wants to invest. I use both strategy. I bought 100 options of strike 5.00, year 2012 of citi options yesterday. Total cost of around 5200.00. If citi hits 15.50 by 2012 i make $100,000 if city goes BK i loose $5200.00 Key thing to do is to invest only with the amount that you can afford to loose. Sid

sidster · Dec 18, 2009 1:57 PM

gavgit, I agree with you.

dolphin · Dec 18, 2009 1:57 PM

I agree with sidster,gavgit but an individual investor may have experience of 50 years of experience too! on the other hand City bank investor must also know today morning u buy and before 3ET u sell! my 2 cents.

Om shauraye namah · Dec 18, 2009 2:30 PM

Quagmire, Like u said I bought @ 3.31 and like Om shauryaye namah.. I sold @ 3.35! Good guys!!! Dont confuse. Keep it up !!!

thyangboche · Dec 18, 2009 2:39 PM

Sid, All I wanted to convey was this - If you just keep playing speculative stocks like most of the people in this forum do, sooner or later you will get burned. PIGS GET SLAUGHTERED. Citi does not have to go bankrupt for you to loose money on your option - you can still loose most of your money even if Citi goes up to certain point from what you bought. It all depends - timing and expiration dates are important - I am sure you know that. You and I use option in different ways. I use option as a hedging strategy to minimize my risk whereas you use it to make money. --When I am buying stocks, I am buying PUT option at the same time, if incase the stock takes a dive. --When I am sorting stocks, I buy a CALL option at the same time, if incase the stock goes up. That way I am compromising on profit but minimizing the risk at the same time. However, you are risking less to gain more but without any protection. You have no protection for your 5.5K investment. However, your strategy in not necessarily bad but nothing to be proud of. I whole heartedly agree that - "Key thing to do is to invest only with the amount that you can afford to loose." - By Sid. However, No hard feelings - my friend.

gavgit · Dec 18, 2009 2:52 PM

Gavgit, Options or Stocks, C is an speculative investment. I chose options because i wanted to take higher risj. I understand the possibility of options going worthless. At this time Options or stocks on C, it is nothing more than a lottery ticket. I went for options for a hope of higher return with least investment. No hard feelings here, your approach of playing options is credible as well. I had bought CENX and APWR as a speculative play and both are doing really well. Got burned in  CIT, and CLNH. Sid

sidster · Dec 18, 2009 3:21 PM

Sid... What a coincidence.... I used to own CENX both option and stock. I still own APWR. APWR is a great play - it has unlimited potential. I bought APWR when it was around 5.50. APWR is a multibagger. I like what it is doing. China based partnered with GE, Just won a huge contract to supply wind tirbunes for a wind plant in Texas. I will always keep a piece of my investment with this company.

gavgit · Dec 18, 2009 3:32 PM

APWR is a thing, it has done 100% in 30 days, may be a 20% retraction coming sometime soon but you never know with those small caps, i have gone through lots of GUT churning ups and down with APWR. You have to have a pair of iron balls to stay long on these stocks. Sid

sidster · Dec 18, 2009 4:11 PM

C-mates this week's idea.....C's horoscope

Thyangboche · Dec 21, 2009 10:53 AM