Sorry guys and gals,

I don't come here on the weekend; I have a two year old daughter.   I am holding my position on Citi.  It is unfortunate that the market is falling on the news; even the news is good news.  Today BAC announces that they are profitable with over $4 Billion 1Q profit.  Still, the stocks are falling.  However, there is buzz in Wall Street that financial industry is turning around.  If I am right on every prediction and forecast, I would be millionaire by now. 

I ought to cut my loss, but I am not holding Citi on margin, and I would lose only if Citi goes bankrupt.  I also want to make it clear that I am not a financial advisor nor my company Mount Everest Financial Institute is a broker-dealer.  My company is a starting point for someone to start investing/trading and we do provide classroom training.  Investors/Traders should seek financial advisor or/and seek further research to form their own opinion.  No one can predict the future accurately in this volatile market all the time. 

If you watch my videos, I do point out that I could be right and I could be wrong. I was right about the US Dollar appreciating against EURO which I put the video in You Tube.  I have to admit that Inpeace and fortune faded were right about the Citi stocks possibly going lower in short term trading.  However, I was right on their profitability.  I have held a position for about two weeks on Citi stocks and made profit, when I bought at $1.3499 and sold at $2.6299 after fourteen days, and bought $2.98 and sold at $3.31 after 11 days. 

I also want to make it clear I am not here to brag that I am a Nepali Soros nor do I claim to be one.  I just want to provide information to Nepali brothers and sisters and I do better communicating in English than in Nepali.  Some people in this forum are bright and are professional, and using more brain to analyze information is better than using one brain that is if you are interested in participating constructively.  I am working on a radio program at 12:00pm today, if my guest has time to make it.  My guest is an experienced trader and he used to be Director of Mutual Fund in Nationwide Insurance Company for 18 years.  He and I share a lot of information, and I am working to share that with your guys.  If this program does not happen, it will happen in near future, but I have completed all the technical setup for the program.  And if this guest is unavailable, I will bring some other expert and discuss fundamental and technical analysis on the program. 

 I am usually busy, but multitasking and I may not come back here after a few hours or even today.   Keep those thoughts coming; share your trading experience and good luck on your trading. 

All the best