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AIG, GM, Ctit, to give big profit!!!!

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maxcty
    19-Mar-2009 20:37  
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u buying tonight?

freeme      ( Date: 19-Mar-2009 19:32) Posted:

citi bank likely to cheong again

 
 
freeme
    19-Mar-2009 19:32  
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citi bank likely to cheong again
 
 
Livermore
    19-Mar-2009 12:27  
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To have more capital look at margin

freeme      ( Date: 19-Mar-2009 12:14) Posted:

Dun say i advise la.. just my pov nia.. I dun have much capital... so i go in big n come out fast.. this also lead me to lose out when citi up so much.. if you intnd to hold for longer term, i tink bata to wait for next q report to cfm the bank really turn profitable. until then all rally might reverse anytime



maxcty      ( Date: 19-Mar-2009 12:00) Posted:

ok. so is your advise for entry of BOA n citi? seems like u going for short profit recently..heh


 

 
freeme
    19-Mar-2009 12:14  
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Dun say i advise la.. just my pov nia.. I dun have much capital... so i go in big n come out fast.. this also lead me to lose out when citi up so much.. if you intnd to hold for longer term, i tink bata to wait for next q report to cfm the bank really turn profitable. until then all rally might reverse anytime



maxcty      ( Date: 19-Mar-2009 12:00) Posted:

ok. so is your advise for entry of BOA n citi? seems like u going for short profit recently..hehe

freeme      ( Date: 19-Mar-2009 11:04) Posted:

bac break their resistance line.. maybe can up also.


 
 
maxcty
    19-Mar-2009 12:00  
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ok. so is your advise for entry of BOA n citi? seems like u going for short profit recently..hehe

freeme      ( Date: 19-Mar-2009 11:04) Posted:

bac break their resistance line.. maybe can up also..

maxcty      ( Date: 19-Mar-2009 10:49) Posted:

does it apply to u for BOA? miss the ride recently for all


 
 
AK_Francis
    19-Mar-2009 11:44  
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Ha ha , pai shei, can hv teh-sarabat happy liao, at current market situation ah.

freeme      ( Date: 19-Mar-2009 11:20) Posted:

also gd man nw.. up 50% liao..

haha..



AK_Francis      ( Date: 19-Mar-2009 11:07) Posted:



How about Huiyuan Juice listed in HK. Its share plunged 50% as China auth stopped Coke acquiring HJ. AK buy at 4.18, seller px, but unable to get it. It gone thro few times at 4.18 at seller px, but my order still at Q. Now 4.78 liao.

Next time, must follow DJ style liao, give few bids more, for B n S, as system will auto match d proceed, though d display px dun reflect d real time px.

Incidentally, when Citi below a dol, my frd, fr Msia, asking me can buy in or not as many people there said Citi will ones. I told her that lets d situation stabalised first. Ha ha, same nite, Citi closed at 1.08, she must be cursing me like hell liao. AK only went in above 2 as  my Q at 1.32, 1.68 n 1.78 failed to secure any lot. Last Mon, puay loong liao, few bits higher to secure it.


 

 
freeme
    19-Mar-2009 11:20  
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also gd man nw.. up 50% liao..

haha..



AK_Francis      ( Date: 19-Mar-2009 11:07) Posted:



How about Huiyuan Juice listed in HK. Its share plunged 50% as China auth stopped Coke acquiring HJ. AK buy at 4.18, seller px, but unable to get it. It gone thro few times at 4.18 at seller px, but my order still at Q. Now 4.78 liao.

Next time, must follow DJ style liao, give few bids more, for B n S, as system will auto match d proceed, though d display px dun reflect d real time px.

Incidentally, when Citi below a dol, my frd, fr Msia, asking me can buy in or not as many people there said Citi will ones. I told her that lets d situation stabalised first. Ha ha, same nite, Citi closed at 1.08, she must be cursing me like hell liao. AK only went in above 2 as  my Q at 1.32, 1.68 n 1.78 failed to secure any lot. Last Mon, puay loong liao, few bits higher to secure it.

 
 
AK_Francis
    19-Mar-2009 11:07  
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How about Huiyuan Juice listed in HK. Its share plunged 50% as China auth stopped Coke acquiring HJ. AK buy at 4.18, seller px, but unable to get it. It gone thro few times at 4.18 at seller px, but my order still at Q. Now 4.78 liao.

Next time, must follow DJ style liao, give few bids more, for B n S, as system will auto match d proceed, though d display px dun reflect d real time px.

Incidentally, when Citi below a dol, my frd, fr Msia, asking me can buy in or not as many people there said Citi will ones. I told her that lets d situation stabalised first. Ha ha, same nite, Citi closed at 1.08, she must be cursing me like hell liao. AK only went in above 2 as  my Q at 1.32, 1.68 n 1.78 failed to secure any lot. Last Mon, puay loong liao, few bits higher to secure it.
 
 
freeme
    19-Mar-2009 11:04  
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bac break their resistance line.. maybe can up also..

maxcty      ( Date: 19-Mar-2009 10:49) Posted:

does it apply to u for BOA? miss the ride recently for all.

freeme      ( Date: 19-Mar-2009 10:20) Posted:

nw really hard to decide if is a good time to go in.. depend on ur risk appetite. For me, i dun dare to go in now after 5-6 session up liao n very fast. Maybe citi still can move up abit.


 
 
maxcty
    19-Mar-2009 10:49  
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does it apply to u for BOA? miss the ride recently for all.

freeme      ( Date: 19-Mar-2009 10:20) Posted:

nw really hard to decide if is a good time to go in.. depend on ur risk appetite. For me, i dun dare to go in now after 5-6 session up liao n very fast. Maybe citi still can move up abit.

leong3k      ( Date: 19-Mar-2009 10:05) Posted:

citi & aig still can buy @ current price ? any expert can advise?


 

 
freeme
    19-Mar-2009 10:20  
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nw really hard to decide if is a good time to go in.. depend on ur risk appetite. For me, i dun dare to go in now after 5-6 session up liao n very fast. Maybe citi still can move up abit.

leong3k      ( Date: 19-Mar-2009 10:05) Posted:

citi & aig still can buy @ current price ? any expert can advise?

 
 
leong3k
    19-Mar-2009 10:05  
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citi & aig still can buy @ current price ? any expert can advise?
 
 
AK_Francis
    19-Mar-2009 10:02  
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Ds morning, d spot light were shining at AIG, 1.38 up 42cts, Citi 3.08 up 57cts, BOA 7.67  up 1.40. JP Chase n Stanley doing fine, but too expensive to talk about,  USD 27 n 24 plus repectively. Hmm, now which one is d cheapest n a bit good one???

Abama openly defend d AIG bonus issue. MFT there hoe shei liao.
 
 
freeme
    19-Mar-2009 09:51  
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after playing US mkt, SG mkt is like so boring nowadays..
 
 
Laulan
    19-Mar-2009 09:16  
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If our finance counters can do 10 percent action of our US stocks, we will already be happy to recoup much losses.

The US stocks are the ones that help make some quick money within a week.  I play small, but those who have the guts will soon become millionaires, real millionaires in US Dollar terms.  Congrats to the brave and gallant men!  Congrats to myself a little too!Smiley
 

 
cheongwee
    19-Mar-2009 04:12  
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Cant believe 100% over return for near bankruptcies counters which i bought.just recently....if only 70% survive this...and i believe they will...i will be supa rich 2 to 3 years down.

Buy some. they still got more to go up...DYODD...how abt go long like me..but not now...wait for another low,
 
 
cheongwee
    17-Mar-2009 19:38  
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congra. to those brave guy who bought citi,AIG, BAC.. at near bankrupt px like i did....their bankruptcy are our prosperity...hope it lighten our losses here in SGX..for me i am lucky...make a little.. most of them from gold and silver stock that i bought when ppl are throwing at give away px end of last year.
 
 
cheongwee
    17-Mar-2009 19:31  
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No doubt..the figure are in TRILLION, but i dont think the stock market or the US is done for...i see a new high for dow...20000...then 36000...dont say not possible...with so much paper in the market...where do u think the money will ended up???

The US are too big to fail..if they fail..all countries reserve worth zero..i see more disaster, then come the supa bull of all bull...

The future are of inflationary...deflation maybe for a year or two...when those money from every govt on this planet so call stimulus reach the market...high inflation...

so what thing to long...commodities, gold and silver..
 
 
cheongwee
    17-Mar-2009 19:16  
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I think we take some profit and leave the other half on the casino table....DYODD you may make less, but that is to protect your capital and leave the casino money there to soar.. No doubt that i do see the sucker rally moving higher, but we can never know...it is volatile...good luck. That does not means i am not going to long these counter, i am waiting, one more new lower low to make my move...this time i will stay with it, still...GIC and Temasek see their profit..that i believe some will go under but 70% of them survive will see me with handsome profit..DYODD.
 
 
teeth53
    17-Mar-2009 09:51  
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Just for info sharing...

http://money.cnn.com/news/specials/storysupplement/bailout_scorecard/index.html

Economy rescue: Adding up the dollars

The government is engaged in an unprecedented - and expensive - effort to rescue the economy. Here are all the elements of the bailouts.

Date Bailout Allocated Spent
December 2007 Term Auction Facility
Lending program that allows commercial banks to unload hard-to-sell assets, including mortgage-backed securities: Fed takes assets as collateral and banks get cash.
$2.9 trillion $493.1 billion
February 2008 Economic Stimulus Act of 2008
Tax rebates of up to $600 for individual filers and $1,200 for couples in effort to boost the economy. Businesses received more than $60 billion in tax breaks.
$168 billion $168 billion
March 2008 Bear Stearns bailout
Program to guarantee potential losses on Bear Stearns' portfolio; smoothed the way for JPMorgan Chase to buy the failed investment bank.
$29 billion $26.1 billion
March 2008 Discount window
Long-time lending facility for commercial banks that was opened to investment banks for first time in March 2008.
n/a $89.8 billion1
May 2008 Student loan guarantees
Program to purchase federal student loans from private lenders. Aim is to provide financing to companies that provide student loans.
$130 billion $9 billion
September 2008 Fannie Mae and Freddie Mac bailout
Cost to the government of taking the mortgage finance companies into conservatorship.
$400 billion2 $29 billion
September 2008 Foreign exchange dollar swaps
Exchange of dollars to 13 foreign central banks for collateral. Aim is to provide liquidity to foreign financial institutions.
Unlimited $315.2 billion
October 2008 FHA housing rescue
Funding set aside for insurance of new 30-year fixed-rate mortgages for at-risk borrowers, tax credits for first-time home buyers and assistance to states and municipalities.
$320 billion $20 billion +3
October 2008 Auto industry energy efficiency loans
Low-interest loans to help speed the industry's transition to more fuel-efficient vehicles.
$25 billion $0
October 2008
Troubled Asset Relief Program
Financial rescue plan aimed at restoring liquidity to the financial markets. Funds thus far allocated for capital purchases in banks and emergency bailouts.
open list close list
$700 billion $331.5 billion
October 2008
open list close list
Bank capital investments
$250 billion $196.7 billion
November 2008 Citigroup capital investment
Emergency funding to keep bank afloat; in addition to previous $25 billion capital investment.
$20 billion $20 billion
November 2008 Citigroup loan-loss backstop
Funds set aside to backstop potential losses to Treasury from Citigroup loans.
$5 billion $0
November 2008 TALF loss provisions
Funds set aside to backstop potential losses to Treasury from purchases of consumer loan-backed securities and mortgage-backed securities.
$100 billion $0
December 2008
Auto industry bailout
Program that will provide capital on a case-by-case basis to systemically significant institutions that are at substantial risk of failure.
open list close list
$24.8 billion $24.8 billion
December 2008 General Motors
Government bailout of automaker to keep company afloat and help it achieve viability for the future. Last $4 billion subject to congressional approval
$13.4 billion $13.4 billion
December 2008 Chrysler
Government bailout of automaker to keep company afloat and help it achieve viability for the future. Last $4 billion subject to congressional approval
$4 billion $4 billion
December 2008 GMAC
Government bailout of auto finance company to which Federal Reserve granted bank holding company status. $5 billion went to GMAC directly and $1 billion to GM to make an investment in the company.
$5.9 billion $5.9 billion
January 2009 Chrysler Financial
Government bailout of auto finance company to which Federal Reserve granted bank holding company status.
$1.5 billion $1.5 billion

January 2009 Bank of America capital investment
Emergency funding to aid Merrill Lynch transaction; in addition to previous $25 billion capital investment.
$20 billion $20 billion
February 2009 Foreclosure prevention
$75 billion $0
February 2009 Public-private investment fund
Unknown $0
March 2009 AIG common stock investment
Money to help troubled insurer pay off now defunct lending facility set up by Fed in the initial version of the company's bailout.
$40 billion $40 billion
March 2009 TALF investment $20 billion $20 billion
March 2009 AIG preferred capital investment $30 billion $30 billion
n/a Funds left unallocated
$115.2 billion n/a

October 2008 Money market guarantees
Four programs to help money market funds by insuring against losses; financing bank purchases of debt from funds; buying funds’ debt; and lending to funds directly.
$659 billion $15 billion
October 2008 Commercial Paper Funding Facility
Purchases of short-term corporate debt aimed at boosting the struggling market and providing critical three-month financing to businesses.
$1.4 trillion $241.3 billion
November 2008 Unemployment benefit extensions
Funds to help states expand unemployment benefits.
$8 billion $8 billion
November 2008 Citigroup loan-loss backstop
Funds set aside to insure against losses from bank’s mortgage-backed securities investments.
$245 billion $0
November 2008 Term Asset-Backed Securities Loan Facility
Program to buy consumer loan-backed securities. Aim is to revive the securitization market for consumer loans like credit cards and auto loans.
$1 trillion $0
November 2008 GSE mortgage-backed securities purchases
Program to buy mortgage-backed securities held by Fannie Mae and Freddie Mac. Aim is to reduce rates on home loans.
$500 billion $68.9 billion
November 2008 GSE debt purchases
Program to buy debt issued by Fannie Mae and Freddie Mac. Aim is to reduce rates on home loans.
$100 billion $38.2 billion
November 2008 FDIC Temporary Liquidity Guarantee Program
Guarantees on newly issued bank bonds with maturities of more than three months. Aim is to restore liquidity to the corporate bond market and provide long-term financing to banks.
$1.5 trillion $258 billion
2008
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FDIC bank takeovers
Cost to FDIC fund that insures losses depositors suffer when a bank fails.
n/a $16.7 billion
January 2009 Bank of America loan-loss backstop
Funds set aside to insure against losses from bank’s Merrill Lynch merger.
$97 billion $0
January 2009 Credit Union deposit insurance guarantees
$80 billion $0
January 2009 U.S. Central Federal Credit Union capital injection
$1 billion $1 billion
February 2009
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American Recovery and Reinvestment Act
Infrastructure spending, funding for states, help for the needy and tax cuts for individuals and businesses to stimulate the economy.
$787.2 billion $0
February 2009 Tax cuts for individuals and businesses $212 billion n/a
February 2009 Direct spending $267 billion n/a
February 2009 Appropriations spending $308.3 billion n/a

March 2009
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AIG
Multifaceted bailout to help insurer through restructuring, minimize the need to post collateral and get rid of toxic assets from its balance sheet.
$182 billion4 $141.4 billion4
November 2008 Bridge loan
Financing to help company through its restructuring process as it spins off non-core businesses.
$60 billion5 $42 billion
November 2008 Collateralized debt obligation purchases
Facility to buy private investors' loans on which AIG sold insurance. As the value of loans plummeted, AIG was forced to post more collateral to back up the insurance contracts, known as credit default swap agreements.
$30 billion $27.7 billion
November 2008 Mortgage-backed securities purchases
Facility to buy company’s securities backed by residential loans.
$22.5 billion $18.7 billion
March 2009 Treasury preferred capital investment
Loan to help pay off a now defunct lending facility set up by the Fed in the initial version of the company’s bailout.
$30 billion $30 billion
March 2009 Investment in ALICO and AIA life insurance units $26 billion $0
March 2009 Purchases of life insurance-backed securities $8.5 billion $0
March 2009 Treasury common stock investment $40 billion $40 billion

2009
open list close list
FDIC bank takeovers
Cost to FDIC fund that insures losses depositors suffer when a bank fails.
n/a $1.7 billion
Total: $11.6 trillion $2.3 trillion
1Daily average
2$200 billion set aside in September 2008; $200 billion additional in February 2009
3At least $20 billion
4Includes $70 billion from TARP
5Bridge loan allocation to be reduced to not less than $25 billion once government takes stakes in life insurance units
Sources: Federal Reserve, Treasury, FDIC, CBO
Note: Figures as of March 9, 2009
 
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