LMFAO!!Quote:
Originally Posted by dread
night guys, tomorrow is another adventure.
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LMFAO!!Quote:
Originally Posted by dread
night guys, tomorrow is another adventure.
If you do not see a chat room for your favorite stock, then shoot us an emailQuote:
Originally Posted by billhart22
at: chat@stockwire.com Try this Bill...
i have a limit order for bac at 5.20 im hoping it will drop down early monday before it starts its climb, if i cant get that buy triggered i may put it into gtxo. specially if its still hovering round 13-14 cents
We will have to see what happens in premarket...BAC closed at $6.24 I bought @ $5.68 and Citi closed at $3.47 I bought @3.15 SO If that the forcast I should sell at opening bell and buy back when it drops for you...
Where are you Bill or anyone else with some thoughts...I was gonna put a sell on Bac @ $6.89 and Citi at @3.74 which the closed Higher then that on thurs... or sit on them if it doesent execute....I in on GTXO already @ .14 and it has a possibility to get back to at least .24 then maybe I dump and buy back later in the day or week and then I like CTGI but I want it back at .14 they also say sscc will file bk with in 2 week I was gonna throw 60 and do a hail mary If it drops first thing....to .04 so as you can see I dont know what the F....I gonna do untill the AM...
i would keep bac,the dividends are too good @ a 1.28 a share, its nice getting paid to own their stock :O, i just hope it drops to the low 5's so i can add some more, i dont want to buy on the way up. Rarely are you gonna get a stock this cheap with this kind of dividend yield, and it wont last forever as i think bac is going to shoot back up fairly quickly. with a 1000 shares thats 1280 every 3 motns which can be put into play with other stocks or to buy more bac or even paying some bills, if only i had enough to get a 1000 shares.
The financial sector has been in the news a lot lately. In a recent video, Dan Fitzpatrick analyzed the chart of Bank of America(BAC Quote - Cramer on BAC - Stock Picks), whose stock price has been affected by how the deal to acquire Merrill Lynch will be funded. (It appears that we, the taxpayers, will end up on the hook, but that's a bit off-topic.)
Can we use moving averages to help us grab a quick profit in BofA? ask Bill!
That sounds like a good goal & game plan with direction... If i catch citi right tomorrow maybe I will follow your lead...
In order to recieve dividends do you have to leave the stock alone during that 1/4 time frame? If you sell and buy back the stock do you have to start counting over in that time peroid?
well im not looking for a quick profit, im looking to hold long, and get paid for it lol. At this price all it takes is 5 dividend checks to pay back what u bought if u have a 100 shares.
Tripp..What do you think of this idea...If you had a revolving line of credit with BAC @ 2.25% interest only... would you take the $4680 and buy 900 shares @5.20 add to the 100 I bought last week to have a total of 1000 shares... what are the risk of them reducing the dividends... and what other risk do you think may be possible?
i dunno man i dont recomend buying on credit but thats just me, the risks is if the price stays this low they will lower the pay out, if it climbs back up theymight be able to keep it the same, but i would bet it gets lowered here soon unless it makes an amazing come back to like 20 a share.
some1 correct me if im wrong but if u buy now you lock in that dividend rate dont you? im not sure about that.
actually i have to correct a mistake i made, its not a quarterly dividend rate its an annual dividend rate. yea you will get the full dividend if u hold for a year, if you hold for half a year you will get half the dividend. so a 100 shares for a year = 128 bucks, half a year = 64
bucks
just so you know im not playing citigroup so i havnt looked into them.
Well that shines a different light on the subject... but I am still gonna build up my shares on bac.. from what I can gather the Chairman is on the hot seat between the acquisition of Nationwide and how he handled Merrill Lynch so he has to get on the ball...I think your right about Bac on the long haul...Citi and bac has been going up and down from .60 to $1 daily so i been trying to work it...the feds say if Citi next report goes -20 billion they are gonna nationalize them.. I been with Bac for a long time....I thought it would be cool to use their money to make some for me... but I really not a big risk taker....mean while I have $14,000 in sirius @ .40 so I guess I really am..
Anyway Thanks for the Input...and we will see what tomorrow brings...I will be around and we can compare notes thru out the day...Good Luck Tony
some recent news on citi
Posted: 2009-01-26 22:24:49+05:30 IST
Updated: Jan 26, 2009 at 2224 hrs IST
New York: Citigroup has sold government guaranteed bonds worth $12 billion, which will help the beleaguered entity to boost its balance sheet.
The Financial Times has reported that Vikram Pandit-led Citi has sold “$12 billion of government-guaranteed bonds, the largest issuance since the US authorities agreed to backstop financial companies’ short-term debt in November”.
Further, the daily noted that the issue surpasses a $10 billion offering by General Electric as the largest bond issue to be guaranteed by the Federal Deposit Insurance Corporation as part of the government’s efforts to help the financial sector.
How do you think this will affect tomorrows stock price!
While the Administration is getting its lipstick ready, I would like to suggest dramatic policy change that would jumpstart private investment in our banking and insurance systems. The Treasury, FDIC and Federal Reserve should raise the strike prices on the warrants they received for TARP and other programs to the estimated value of these companies in normal times. If a conservative estimate of a shrunken Citigroup (C) in normal times would be $20 per common share, investors would know the government would not dilute until the shares reach that level. Above that level it would be an opportunity for Citigroup to raise capital from whoever bought the warrants from the government. This would end the fears of nationalization and cause a short squeeze as the shorts attempt to cover. Moral hazard on the shorts – what a concept!
Raising the government’s strike price would do more to prevent short raids and build investor confidence than restoring the uptick rule and temporary bans on short selling. I think that it would be even more powerful than the mortgage loss backstops that were provided to Bank of America (BAC), Citigroup and to a lesser extent JP Morgan (JPM).
The Treasury, Fed and FDIC did consider open market common stock purchases to raise Citicorp’s stock price and improve confidence during the last rescue. But they determined that the amount required to move the market would be equivalent to nationalizing the company.
The Shock and Awe of Government Raising Citigroup Warrants Strike Price To $20Quote:
Originally Posted by trippingthespeculatingpos
Jan 25, 2009 04:03 PM
BAC looks really good at the open for tomorrow, Monday, @ 6.20. I don't see it falling out of the gate.
Bill, what about this news about Citi? By the way how was your weekend?Quote:
Originally Posted by billhart22
yea me neither bill thats why im thinking i might make a move on gtxo or ctgi
FORD is ready for another loss tomorrow.
what is citi's symbol?