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Thread: Toppy, Chap

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    Default Toppy, Chap

    Just bought a thousand shares of citigroup.

    Analyze.

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    Quote Originally Posted by Beefy View Post
    Just bought a thousand shares of citigroup.

    Analyze.
    1) You are a dumbass for asking toppy about a stock that is outside of energy or tech...

    2) From a technical trading perspective, it is a good buy provided you have a stop on the stock around $1.75. Do not ride it down any further than that. Certainly a risky play that brings high return potential along with the high degree of risk. Chart is currently in your favor, but need to watch it closely to avoid a breakdown. Keep in mind, that one piece of bad news could pants you pretty quickly with this one. Or you could end up with a quick double. Pick up the dice and let em roll.

    3) From a fundamental trading perspective, still way too many negatives on the sector as a whole and on Citi indivdiually to be buying this stock.
    Quote from Cypress:
    "Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.

    They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "

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    Try to win big, you'll lose big.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by Superfreak View Post
    1) You are a dumbass for asking toppy about a stock that is outside of energy or tech...

    2) From a technical trading perspective, it is a good buy provided you have a stop on the stock around $1.75. Do not ride it down any further than that. Certainly a risky play that brings high return potential along with the high degree of risk. Chart is currently in your favor, but need to watch it closely to avoid a breakdown. Keep in mind, that one piece of bad news could pants you pretty quickly with this one. Or you could end up with a quick double. Pick up the dice and let em roll.

    3) From a fundamental trading perspective, still way too many negatives on the sector as a whole and on Citi indivdiually to be buying this stock.
    Cool. Here's what I'm thinking.

    If I can make a quick $1000 or 2, i'll get out, but if its hovering around and grades up I can give it a year or two and see if it climbs back up to $10-15.

    Keep in mind, I know nothing about this shit, I'm a gambler, degenerate style, and this gets me rooting for a team. Even if I lose, the action is exciting.

    What would you do if you just bought 1,000 shares, how would you think about it?

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    Beefy, you do realize that you are asking for advise from 2 that got blindsided by the downturn?
    Bush doubled the debt from 5 trillion to 10 trillion.
    Proving tax cuts work!

    Bush asked for and signed for the TARP money.
    The Republican senate leader backed Bush on this.

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    Now we need to figure in 'degree of possible fascistification' when pricing stocks.

    The market is now based on totalitarianism and which sectors and corporations the government decides to handicap.

    Please don't invest in fascism, people.

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    Quote Originally Posted by Beefy View Post
    Cool. Here's what I'm thinking.

    If I can make a quick $1000 or 2, i'll get out, but if its hovering around and grades up I can give it a year or two and see if it climbs back up to $10-15.

    Keep in mind, I know nothing about this shit, I'm a gambler, degenerate style, and this gets me rooting for a team. Even if I lose, the action is exciting.

    What would you do if you just bought 1,000 shares, how would you think about it?
    In a stock like this with such poor fundamentals, you have to look at it as a trading vehicle. In one that is this risky, this should be money that you can afford to lose 100% of.... because that could still happen. As long as you have that mindset with this, then I would use stops to chase the stock price.

    I assume if you bought recently you are in somewhere around 2.75-3.00 per share. If it were my money, I would put the initial stop at $2.00.

    From the technical side... if it can close at $4.50 or higher, that would be a bullish breakout and you should see it run towards $7.75-8.00. That said, given the banking sector's condition, I would probably take my profits around $4 and run.
    Quote from Cypress:
    "Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.

    They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "

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    Quote Originally Posted by AssHatZombie View Post
    Now we need to figure in 'degree of possible fascistification' when pricing stocks.

    The market is now based on totalitarianism and which sectors and corporations the government decides to handicap.

    Please don't invest in fascism, people.
    "degree of fascistification"

    Now that I like!

    Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
    - -- Aristotle

    Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
    - -- The Buddha

    It is the mark of an educated mind to be able to entertain a thought without accepting it.
    - -- Aristotle

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