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jm2212. You might wish to take a serious look at Sunstone Hotels (SHO), some very strong insider buying recently. It's looking even better than HST. You'll have to do your homework tho. Cheers
Wasn't profit taking my friend. The bounce to 4.22 was caused by short covering - citi is one of the heaviest shortest stocks around. Vikram's positive comments about the profitabilitiy of C caused a lot of shorters to lose money. No change to outlook or strategy necessary. Wait for Govt to divulge how they intend to dispose of their 27% stake. I'm hoping to load up at around 3.2 - 3.4. Thinking of eating bread for one month to load up on bullets heh. Cheers.
jm2212 ( Date: 12-Mar-2010 22:43) Posted:
| profit taking and is dropping fast, down $.15 already (3.5%) |
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US$3.50 is a BARGAiN.
This may be the chance of a lifetime. Waiting for it to go below 3.50 to release all my savings and lock it up for few years.
profit taking and is dropping fast, down $.15 already (3.5%)
Yes....this is one that will high lightly to be pay off in the next 1-2 years.....still holding onto it ......
We are hoping that it will hit US$5 and US$10 next..... Saw the profit forecast by 2012. Yippie. Still vested : )
Think US stocks is still better than STI stocks.... Sometimes you buy alittle higher but it probably takes a few month and not years to rebound to that level.
wow, you guys make big in this stock huh! :)
Congrats to those who stayed on with the downs and ups. At least it pays off. Closed US$4.18 up 22 cents. I remembered someone said when GIC or Temasek sold off their Citi shares, it will then rise. Previously at the crisis was 86 cents. GIC/Tsk started selling. I bought some and made some good profit, but cleared all positions when it was at 3 bucks. Congrats again!!!
jm2212 ( Date: 12-Mar-2010 08:41) Posted:
| another night of solid gain, looking good |
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another night of solid gain, looking good
thanks!
blackstreams ( Date: 10-Mar-2010 23:46) Posted:
You might wish to take a look at HST. Host Hotels owns luxury hotels like the St Regis and the Ritz. Wait for it to drop back to $11 as it's meeting strong resistance now and put activity is strong. But if you're looking for dividends, I believe u're aware there's a 30% tax by the US on the dividends so it's not as quite worthwhile as local dividend stocks like Elec and Eltek which is currently yielding about 11% based on today's price of US$2.2. My holding is earning 17% in dividends so it's been a happy Feb/Mar for me so far :)
jm2212 ( Date: 10-Mar-2010 23:36) Posted:
| do u think is it worth while to take a risk into any of the usa property counter (REITS especially)? any of these companies with healthy cash flow will bounce back one day and the return will be good. any specific ones which you're looking at |
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You might wish to take a look at HST. Host Hotels owns luxury hotels like the St Regis and the Ritz. Wait for it to drop back to $11 as it's meeting strong resistance now and put activity is strong. But if you're looking for dividends, I believe u're aware there's a 30% tax by the US on the dividends so it's not as quite worthwhile as local dividend stocks like Elec and Eltek which is currently yielding about 11% based on today's price of US$2.2. My holding is earning 17% in dividends so it's been a happy Feb/Mar for me so far :)
jm2212 ( Date: 10-Mar-2010 23:36) Posted:
do u think is it worth while to take a risk into any of the usa property counter (REITS especially)? any of these companies with healthy cash flow will bounce back one day and the return will be good. any specific ones which you're looking at?
blackstreams ( Date: 10-Mar-2010 23:20) Posted:
I think US$10 is only a matter of time. I'm actually thinking about holding it long term my friend. Read this from an analyst I've seen move the markets significantly.
http://www.cnbc.com/id/35793709
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do u think is it worth while to take a risk into any of the usa property counter (REITS especially)? any of these companies with healthy cash flow will bounce back one day and the return will be good. any specific ones which you're looking at?
blackstreams ( Date: 10-Mar-2010 23:20) Posted:
I think US$10 is only a matter of time. I'm actually thinking about holding it long term my friend. Read this from an analyst I've seen move the markets significantly.
http://www.cnbc.com/id/35793709
jm2212 ( Date: 10-Mar-2010 23:16) Posted:
| i wait for thr $10 to happen... |
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I think US$10 is only a matter of time. I'm actually thinking about holding it long term my friend. Read this from an analyst I've seen move the markets significantly.
http://www.cnbc.com/id/35793709
jm2212 ( Date: 10-Mar-2010 23:16) Posted:
i wait for thr $10 to happen...
blackstreams ( Date: 10-Mar-2010 20:39) Posted:
For info, the price of Citigroup has jumped to $3.90 in pre-market trading, another 8c above yesterday's closing price of $3.82. Here's another link trying to explain why this surge in price.
http://blogs.wsj.com/deals/2010/03/09/why-are-citigroup-shares-surging/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fdeals%2Ffeed+%28WSJ.com%3A+Deal+Journal+-+WSJ.com%29
For those thinking whether to dive into the stock now, do bear in mind that come 16th March, the US govt will have to reveal how and when they intend to divest of their 27% stake in the company. It's highly unlikely they'll sell below $4 since they were heavily criticised for trying to trade in the stockmarket when they didn't sell at $5. They bought in at $3.25.
Also, if they state they're selling all 27% at one go, the price will fall... dramatically. A more likely scenario is for them to divest of their stake over a few months and once Citigroup is free of govt control, the price will surge akin to Bank of America. The worst case scenario is for the govt to state they're selling but only towards the end of the year, the price will experience range trading and probably slide downwards slowly.
My personal feel is that buying below $4 is relatively cheap but I don't wish my money to be stuck for too long, so I'm waiting for the announcements before investing further. Cheers.
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i wait for thr $10 to happen...
blackstreams ( Date: 10-Mar-2010 20:39) Posted:
For info, the price of Citigroup has jumped to $3.90 in pre-market trading, another 8c above yesterday's closing price of $3.82. Here's another link trying to explain why this surge in price.
http://blogs.wsj.com/deals/2010/03/09/why-are-citigroup-shares-surging/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fdeals%2Ffeed+%28WSJ.com%3A+Deal+Journal+-+WSJ.com%29
For those thinking whether to dive into the stock now, do bear in mind that come 16th March, the US govt will have to reveal how and when they intend to divest of their 27% stake in the company. It's highly unlikely they'll sell below $4 since they were heavily criticised for trying to trade in the stockmarket when they didn't sell at $5. They bought in at $3.25.
Also, if they state they're selling all 27% at one go, the price will fall... dramatically. A more likely scenario is for them to divest of their stake over a few months and once Citigroup is free of govt control, the price will surge akin to Bank of America. The worst case scenario is for the govt to state they're selling but only towards the end of the year, the price will experience range trading and probably slide downwards slowly.
My personal feel is that buying below $4 is relatively cheap but I don't wish my money to be stuck for too long, so I'm waiting for the announcements before investing further. Cheers.
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BTW, pre-market is now US$3.99. Wow!
Yay!
smartrader ( Date: 10-Mar-2010 21:21) Posted:
| tonight you can liquidate at a profit.. citigroup is selling $2 bill trusp due to market demand... |
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tonight you can liquidate at a profit.. citigroup is selling $2 bill trusp due to market demand...
Thanks but unfortunately I bought in at the previous support of 4.15, averaged down at 3.35. Just broke even yesterday but it's sure nice not to see red anymore.
smartrader ( Date: 10-Mar-2010 21:13) Posted:
| should have bought when it was 3.12-3.15...now you will be laughing to the bank.. |
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should have bought when it was 3.12-3.15...now you will be laughing to the bank..
