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Citigroup Inc. Message Board

  • birkfire_hathaway birkfire_hathaway Aug 6, 2009 5:19 AM Flag

    C the next MONSTER and I sold. Son of a B&tch

    Sold 42K at 3.55 after picking up some at 3.15. C will double as it is finally breaking out. Will get back in, but kicking myself in the a ss. GL

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    • Don't kick yourself for making a profit and leaving some on the table. You made the prudent move, considering NOBODY knew what was going to happen after the S&P rebalance - which I suspect is why you took you're profits before the close. The pps moved .26 on 2.6 billion volume rofl. No way that kind of volume can be sustained so what happens next...

      I did exactly the same thing - sold all my stock & options yesterday for a very nice profit. If I never make another C trade I'm happy - lots of other oppurtunities out there to turn my C profits into even more gains.

      Good Luck

    • So if I would call you stupid and moron, you should say thank you, agree?

    • The same thing happened to me with BofA. I bought in at 12.12 and was in for the long haul, just as I am with C.

      The plan was to make multiples on my money by selling AFTER a full recovery. But I got greedy.

      Based on a downgrade BAC started dropping. I sold for a small profit at 12.44 waiting for it to hit mid-11s. It dipped to the 11.90's twice in a couple days and then BOOM.

      I missed the boat. Fortunately C hadn't made it's run-up so I got in.

      3-4 bucks is still VERY far from the highs. Remember, BAC was trading in this range as well.

      Buy and HOLD. Do NOT sell if it goes down even if you're at a loss. IT IS TEMPORARY. Do NOT settle for a short term profit. Sell when the stock goes up multiples from where it is now.

      If it goes far enough under your buy price, buy more to lower your average share price.

      This is one of the most no-brainer longterm investments I've ever seen.

      PS: Another long posted that he sold yesterday at 3.39. He was going to wait and buy back in. Timing the market is a b!tch.

    • Its not too late. Just dont sell too early. MM's have a way of shaking weak hands off this stock before the stock makes it big run up. Think about it.....the number #1 global bank in the world poised to take advantage of a global recovery is only trading at $3++.......selling at $3.55 is setting your standards too low man.

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