How exciting. A 300 Billion dollar fund and they invest a measly 29.8 million in Citigroup. Is that a joke?Link:http://www.reuters.com/article/idUSTRE6181K620100209-- $498 million in the U.S.-traded stock of Brazilian miner Vale SA (VALE5.SA);-- $29.8 million in Citigroup (C.N);-- $19.9 million in Bank of America Corp (BAC.N);-- $14.7 million in American International Group Inc (AIG.N);-- $9 million in Coca Cola Co (KO.N);-- $6.3 million in Apple Inc (AAPL.O);-- $4.1 million in News Corp (NWSA.O).
That's more than 3X what they invested in coke, dude! Wake up. They don't buy a stock all in one whack. They phase in over time. Are you new to trading?
Again, what does year old info have to do with now other than selling this investment?
29.8 million too much!!!
It is apparent that they have more confidence in Citi than they do in Apple. That speaks volumes. Load the boat.
They can smell a POS
This investment, made a year ago, has little relevance now, no?