First stock I have bought in bulk in like 8 months

Doubled up in the afternoon

Printable Version Spreadsheet Version
Type Qty Description Symbol Security Type Price Market Value Comment Links
Cash 43,450 Citigroup Inc. C Stock(US) $1.44 $62,568.00 Trade Quote Details


[Edited by - BRIGGS on 03-10-2009 3:51 PM]

opened at 1.24$

I assume you got it at or near there. Good job. 16% is good for a day.

Last week I took down a nice position of of GE at 7.05 (up 19%today), UCO at 6.05 (down 4.5% today but still up 30% in two weeks) and Uyg at 1.51 (up 25%) . Im way up on MS (bought single digits) and use UYG as a leveraged proxy now for my financials. Yield is 17%. Look at PGF yield, its 23%! Some may default, but thats crazy!

Im really tired of Citi for personal reasons. Used to work there for almost two decades. I cashed out 3-4-5 years ago on it and moved on. I got made under Weil and knew his legacy was not sustainable. I thought about buying yesterday at 1.01$ but remembered I divorced myself from it a few years ago. Like I said, been using UYG instead.

I have been buying since Feb 27th.

Today we are brilliant. The sun shines and money is made.

Im going to enjoy this one.

Even Isles must be happy today. Except he likley shorted the market last nite.

Hey Briggs.. love hearing this stuff from you. Always find it interesting.

Do you still have hopes for GSIT?

Posted by nyk4ever:

Hey Briggs.. love hearing this stuff from you. Always find it interesting.

Do you still have hopes for GSIT?

I hold every share of GSIT I bought and will until it is 10- 12 bucks a share. It might take 2-3 years more than I anticipated[hey I didnt know that the economy would crumble in 3 months:)]

Today was an invest in America day. It was the first bit of news that caught my eye enough to say buy and then buy more. I bought 20k at 1.29 I doubled that up with another 23,500 at 1.37 and then I made it an even 50 with 6500 at the close. That's it. Now I will do nothing with it. I don't anticipate buying or selling anything for atleast a year at a minimum unless something materiel changes my mind.

Posted by nyk4ever:

Posted by BRIGGS:

Posted by nyk4ever:

Hey Briggs.. love hearing this stuff from you. Always find it interesting.

Do you still have hopes for GSIT?

I hold every share of GSIT I bought and will until it is 10- 12 bucks a share. It might take 2-3 years more than I anticipated[hey I didnt know that the economy would crumble in 3 months:)]

Today was an invest in America day. It was the first bit of news that caught my eye enough to say buy and then buy more. I bought 20k at 1.29 I doubled that up with another 23,500 at 1.37 and then I made it an even 50 with 6500 at the close. That's it. Now I will do nothing with it. I don't anticipate buying or selling anything for atleast a year at a minimum unless something materiel changes my mind.

Damn Briggs.. I wish I had that kind of money lol.

I got in on GSIT when you first mentioned it. I went in for 100 shares at $3.61. Modest I know, but I'm young and was unemployed at the time. Funny.. I'm unemployed again! Would love to invest in Citi now with the price being so low, just dont think I have the spare money to do so.

Either way, I'm glad you still have some longterm prospects for GSIT.

There is great great opportunity for the young right now. Not just in the market but EVERYWHERE--when your MOM and POp stores go out of business it gives YOU the youth of America the opportunity to take what they had. It gives the youth of America chances to bring something new to market every day--it's a changing world--out with the old in with the new--younger people can become millionaires if you are aggressive and believe in yourself.


Today was obviously engineered by the people at the top. Oh we're back in the heavy black again by the way the Fed chief says he will eat our toxic debt and the recession is done by the end of the year. OK now spread this to our 2k employees and don't tell anyone else except 250,000 retail investors with an e-trade account we want back into the market place. Oh well I bought it I figure if Buffet bought at 10 I can buy at 1.

Posted by BRIGGS:

Today was obviously engineered by the people at the top. Oh we're back in the heavy black again by the way the Fed chief says he will eat our toxic debt and the recession is done by the end of the year. OK now spread this to our 2k employees and don't tell anyone else except 250,000 retail investors with an e-trade account we want back into the market place. Oh well I bought it I figure if Buffet bought at 10 I can buy at 1.

i find it highly convenient how a failing bank mysteriously posted its best performance since the third quarter of 2007, the last time it booked a quarterly profit, just a short while after the federal government had to take a 36 percent ownership stake in the company just to save it from going under... the rich just get richer & the poor get poorer these days.

Posted by TMS:

Posted by BRIGGS:

Today was obviously engineered by the people at the top. Oh we're back in the heavy black again by the way the Fed chief says he will eat our toxic debt and the recession is done by the end of the year. OK now spread this to our 2k employees and don't tell anyone else except 250,000 retail investors with an e-trade account we want back into the market place. Oh well I bought it I figure if Buffet bought at 10 I can buy at 1.

i find it highly convenient how a failing bank mysteriously posted its best performance since the third quarter of 2007, the last time it booked a quarterly profit, just a short while after the federal government had to take a 36 percent ownership stake in the company just to save it from going under... the rich just get richer & the poor get poorer these days.

Invest with the government. Thats what they did. socialism can be profitable.

I bought Sallie Mae at $2.00 in August after it had been $30 just before that.

Thought I was brilliant as it went up to $2.50...

Guess what it's worth now... $.39

Mmmmmboy!

Bang

I'm so ****ing pissed off. I funded my zecco account the other day so I could purchase Citi at 1.81 and the transaction hasn't been confirmed yet!!!! and look at it now!!!

Posted by nyk4ever:

Briggs.. do you think it's still worth buying at this 2.50 price?

I bought AIG today when it was up 60% a .77 after blowing it off on Friday when it was high .40s. If these things return even to a semblance of their previous valuation--you will make 5-10 any money invested on any of these things. See if AIG pulls back a tad--it's cheaper and the volume is huge.