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post #1 of 12 (permalink) Old 03-16-2009, 11:23 AM Thread Starter
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Shoulda....

man, i was on the brink of buying quite a bit of citibank about 2-weeks ago when it was right at $1/share and i held out because the bad news just seemed to keep coming...i thought that it might drop another 15% or so before making a climb, but i felt like it was getting ready to make a big jump. i just looked and it's sitting at $2.50 today.
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post #2 of 12 (permalink) Old 03-16-2009, 11:32 AM
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I'm doing the same thing with GE.... it was down to 6.xx a few days ago, now is trading at 10.xx+

I've got an itchy trigger finger today.

mardyn

R.I.P. James E. Berry 01/03/57-- 01/14/05

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post #3 of 12 (permalink) Old 03-16-2009, 11:34 AM
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A buddy of mine talked me into the AIG stock......at .35 a share........he just bought $10,000 worth........today it's at .85 a share....not bad so far


Edit: except for that whole bonus issue that's come up..............ah well

Last edited by stock85; 03-16-2009 at 11:39 AM.
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post #4 of 12 (permalink) Old 03-16-2009, 11:47 AM
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BAC is up at 6.80 from the low around 3, loving it.

The AIG mess will get interesting with Obama now trying to stick his foot in the door and block the $165mm in bonuses.
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post #5 of 12 (permalink) Old 03-16-2009, 12:03 PM Thread Starter
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Quote:
Originally Posted by AdamLX View Post
BAC is up at 6.80 from the low around 3, loving it.

The AIG mess will get interesting with Obama now trying to stick his foot in the door and block the $165mm in bonuses.
yeah, bac is the other one...they've more than doubled as well. i'm certain that they'll be much higher in the long term, but i'm thinking that they're going to be fairly volatile in the short term, which is what is keeping me from jumping in now.
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post #6 of 12 (permalink) Old 03-16-2009, 12:20 PM
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I bought C a few weeks ago at 1.20. When it hit .99, I bought more. I bought a few more at 1.43 on its way up. Just wish I was a big balla, could have made some big money!

I was trying to get some money transferred today to buy some AIG....didn't happen fast enough. Still a good deal at .90 though.
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post #7 of 12 (permalink) Old 03-16-2009, 12:36 PM
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Just about anything was a good buy in the dump that the market took.
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post #8 of 12 (permalink) Old 03-16-2009, 12:48 PM
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Originally Posted by AL P View Post
Just about anything was a good buy in the dump that the market took.

Yep, my chances of becoming a millionaire are slipping away..lol.
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post #9 of 12 (permalink) Old 03-16-2009, 01:07 PM
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I haven't hand picked any certain stocks, but I did increase my contributions in the existing mutual funds my company offers through Merril Lynch... I figure I should be buying as much as possible while prices are low and I've got 25 years or so for it to recover....
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post #10 of 12 (permalink) Old 03-16-2009, 02:33 PM
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"Dead Cat Bounce"

Quote:
Originally Posted by Big Thumper View Post
Yep, my chances of becoming a millionaire are slipping away..lol.
Hope this guy is wrong or a lot of people's dreams will be slipping away

http://finance.yahoo.com/tech-ticker...Rally-Is-a-%22

Dead-Cat-Bounce%22
Roubini Says Rally Is a "Dead Cat Bounce"
From The Business Insider, March 16, 2009:
We'll admit to being a bit perplexed at Nouriel Roubini's personal investment strategy and how it compares to the advice he gives on the pages of his RGE Monitor. Last we heard, Dr. Doom was 100% long, and invested in index funds. That was apparently true as recently as February, when it was reported in the Financial Times.
And yet if he really "saw this coming." which everyone in the media accepts, it's hard to understand why he'd sit back and watch his 100% long portfolio whither by some 50%. What's more, the NYU academic is actually giving financial advice, and his advice is to sell.
Here's the conclusion to his latest piece (via Calculated Risk) wordily titled: "Reflections on the latest dead cat bounce or bear market suckerís rally"
So, in conclusion and caveat emptor for investors: Dear investors, do enjoy this dead cat bounce and bear market suckerís rally ... donít wait too long until you jump ship while the financial Titanic hits the next financial iceberg: you may get squeezed and crashed in the rush to the lifeboats.

We donít need to restore the American Dream; we need to wake up from it.

When the rich run out of money, itís over.

Smile it makes people wonder what you are up to.
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post #11 of 12 (permalink) Old 03-16-2009, 03:24 PM
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I have no idea how it happend but this morning I checked my brokerage account with BofA and it showed 200 shares of BAC in my account . I had placed an order on the 6th of Mar to buy it @ $3.00 a share but as far as I knew , it was never filled .It did not show in my portfolio either . Well today it was trading at over $6.00 so I called BofA and confirmed that it was not an error . They said the stock was mine and they were not sure why it did not post in my account sooner . As soon as I got off the phone with them , I sold it for $6.46 a share . $670 profit in 10 days on some stock I didn't even know I owned ain't to shaby ..........
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post #12 of 12 (permalink) Old 03-16-2009, 03:24 PM
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...woulda coulda, welcome to the club

I almost bought F and GNW at 1.7 and .8x, today they hit 2.28 and 1.75.

How could I have known this random-ass market would rally for 4 days? It's playing with fire. If I had bought GNW at .8 it could just have easily dropped to .30 over the next 3 months and gone BK. As fate would have it, it doubled instead.
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