veeru_rocks Posted April 13, 2009 Author Posted April 13, 2009 So I had reentered on 1:00 way back.. So what do you guys think should hold on to it or ssell it.. I hold around 8000 shares total .. Dil kahta hai abhi aur badhega par dimaag ghanti baja raha hai
Ram Posted April 13, 2009 Posted April 13, 2009 Wells Fargo just announced a profit of $3 billion. JP Morgan Chase’ shares are up 20% in the last 1 week on expectations of good weekend. The general sentiment has been that the banking system in the U.S is on the mend. CNBC dedicated their entire lunch session today talking about how the banking system maybe on a rebound. Whats the current price of the Citi stock?
veeru_rocks Posted April 13, 2009 Author Posted April 13, 2009 Good news sounds like holding might be the way to go current price 3.7
Ram Posted April 13, 2009 Posted April 13, 2009 You were lucky DR, but for the bank bailout and all the buyouts of toxic assets from the bank’s books, most banks would have been bankrupt by now. If you really want to know if all these bailouts are working, I think you should atleast wait till when the second quarter results are out. The first quarter results may still be bad, but its too early to say anything.
kumble_rocks Posted April 14, 2009 Posted April 14, 2009 I bought 10,000 @1:14 and sold at 2:14 . Thought I had made a killing .... fac* , I got schooled !
Ram Posted April 14, 2009 Posted April 14, 2009 I think Citi's first quarter results are due out on Thursday. DR, if you want to book some profits now, you could consider offloading some stock. The price may go down if the numbers arent that good, though I dont know if its too late to do that.
veeru_rocks Posted April 14, 2009 Author Posted April 14, 2009 Abhi to tuesday hi hai.. I will wait and watch till tomorrow
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