New Stock Tip thread

[BanginJimmy]

Not extremely mainstream, but many of the guys in my group have picked up large positions in C to hold through the year. It is definitely at bottom, and will rebound in a very nice way (one of our members recently spent a week w/ the ex-CEO in the Bahamas)

I am waiting for Treasury to start selling off its shares to see how it reacts. I am expecting a dip with all of the shares hitting the market, then a large spike.

[tony]

I am waiting for Treasury to start selling off its shares to see how it reacts. I am expecting a dip with all of the shares hitting the market, then a large spike.

Oh damn I didnt think about that, dilution courtesy of the United States Government. I think any long position in a battered down stock with good fundamentals is going to give a good amount of return. We talk about politics and what not but in a free market society nobody can stop the invisible hand and this economy will move regardless of who is in office. When times are tough like they have been I tend to believe this is when the new wealth is accumulated.

[BanginJimmy]

When times are tough like they have been I tend to believe this is when the new wealth is accumulated.

If I had 30 or 40K to drop into the market right now I could very close to millionaire in 5 years if I stay disciplined. It took them less than a year from needing a 45B bailout to pay Uncle Sam back 25B. A year from now they will be 100% away from the govt stranglehold, thats when I see the real gains start.

BTW, I expect Citi to be trading at about $7 a share by the end of the year. That may change depending on how suffocating the new financial reforms end up being.

[tony]

Add BIOD to the list as well, target is the $15-$16 range