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min brokerage is USD25 , am i right ? ..2 cents to break even. I think is good enough for pocket money..
if you can hold just 1 more day, I think you are laughing all the way to the bank tonight, heeee... 20% jump lei...
nobody know when is the lucky day, so, ..... luck plays some parts..
freeme ( Date: 09-Mar-2009 23:24) Posted:
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I think you are better off buying 4D or DBS or OCBC or UOB......at least should they fail, you can stand outside their HQ with big signboard like "Crook Company !!! Crook CEO !!!" ...
Thing is happening some fast....just Friday PM Wen say China 8% growth ..... today afternoon left with 6.5% and subject to world situation.....
freeme ( Date: 09-Mar-2009 23:24) Posted:
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enough. i buy 10000shares mah..
pointer ( Date: 09-Mar-2009 23:15) Posted:
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U buy @ $1.00 & sell @ $1.04. Enough to cover brokerage & taxes anot? Or just trading to find fun & kick?
freeme ( Date: 09-Mar-2009 22:35) Posted:
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views of "not expert" better than of analyst, former frank n to d point...latter calculated n beat ard bush
smartrader ( Date: 09-Mar-2009 22:31) Posted:
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okie out at $1.04. wait again at $1
shell company meaning not the same ..core assets divested or broken up.... and if force to delist due to low stock price, you may get little money ... of course, i am not referring to Citi Group..not expert
they shud do it tis way.
as long as it dun fail when im holding their shares can liao.. haha
Below is going to happen no matter Obama and McCain had said. Ordinary investors will get a shell company with the same name. ..whereas preferred sharesholders may get away with alternative different deals...
"If institutions -- no matter what their size -- have lost market confidence and can't survive on their own, we must be willing to write down their losses, bring in capable management, sell off and reorganize misaligned activities and businesses and begin the process of restoring them to private ownership. "In fact, for failed institutions that have proven to be too big or too complex to manage well, steps must be take to break up their operations and sell them off in more manageable pieces," Hoenig said.
earlier i read the news, i also tink the bank deserve to learn a lesson for not performing, but in the government view, those big bank cannot afford to be failed as it will affect many other businesses which a spark of unthinkable mess if that happen.
Republican senators say some big banks can fail Reports: McCain, Shelby say government should allow lenders to go under.
Last update: 4:29 p.m. EDT March 8, 2009Comments: 221SAN FRANCISCO -
Republican Senate leaders said Sunday the government should allow big banks to fail, according to published reports. "Close them down, get them out of business. If they're dead, they ought to be buried," Sen. Richard Shelby, R-Ala., said on ABC's "This Week" program, according to reports. "We bury the small banks. We've got to bury some big ones and send a strong message to the market," the top Republican on the banking committee reportedly said. Shelby didn't specify any banks, but when asked about Citigroup Inc. , he reportedly said the struggling financial giant has "always been a problem child." Senator John McCain, who lost the 2008 presidential race to President Obama, struck a similar note on "Fox News Sunday, according to news reports. "I don't think they made the hard decision and that is to let these banks fail," McCain reportedly said. The senator's remarks echoes those made Friday by the president of the Kansas City Federal Reserve Bank. In a speech in Omaha, Neb., Thomas Hoenig slammed the government's approach to weak banks as counterproductive and called for the government to move in, take over and clean house at insolvent institutions. See full story on Hoenig's remarks. The architects of the government response -- primarily Fed Chairman Ben Bernanke, former Treasury Secretary Henry Paulson and Paulson successor Timothy Geithner -- have argued that because there were no rules to take over big but weak bank-holding companies, they were forced to keep the institutions operating and pushing in government money to strengthen them. But as the cost of this approach keeps expanding beyond the initial $700 billion price tag, some fear that good money might be thrown after bad. Last Thursday, Citigroup became the first major banking company whose stock slid below $1 during the ongoing financial crisis, falling to 97 cents. "If institutions -- no matter what their size -- have lost market confidence and can't survive on their own, we must be willing to write down their losses, bring in capable management, sell off and reorganize misaligned activities and businesses and begin the process of restoring them to private ownership. "In fact, for failed institutions that have proven to be too big or too complex to manage well, steps must be take to break up their operations and sell them off in more manageable pieces," Hoenig said.
just rebound nia.. wait awhile more.
Boa up 14%, citi only 1-2%
smartrader ( Date: 09-Mar-2009 22:00) Posted:
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good .. better hit and run.. 1.05 now..
finally pick up my gut n buy citi again at $1
nop, focus on local stuff only. though had signed d paper for foreign trading lately. observe a bit more loh.
lookcc ( Date: 08-Mar-2009 23:13) Posted:
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yup, y touch any thing toxic???
One sifu had stressed that dun touch d toxic assets in US. Got antitode also no use, as d recovery action is slow, u may get parlysed.
maxcty ( Date: 08-Mar-2009 21:35) Posted:
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what are the safe entry point for BOA and ciiti now? alot of negative news now. dun dare to buy any....