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I bought some a few weeks ago, not much at all. I'm gradually putting money into the stock to bring down the average amount I've spent per share -- I bought some when it was $30+. If I can get it down to $2-3, I should be in good shape when the markets start to recover.
I just picked up 150 shares at $1.06 each. Give it time and you'll be glad you did. What's the risk? As long as your not betting the mortgage money, and you can hold this stock for 3-5 years, you'll do well. Just my opinion, but I don't care what anyone says - this is the part where we "buy low". I also snapped up BOA, and I'm stocking up on GE and Sun Trust now. Good luck to you!!
I see it as a day-trading opportunity. Buy as low as you can and, if the stock is showing an okay profit then sell. I certainly don't see it as a medium or long term hold.
I just picked up 150 shares at $1.06 each. Give it time and you'll be glad you did. What's the risk? As long as your not betting the mortgage money, and you can hold this stock for 3-5 years, you'll do well. Just my opinion, but I don't care what anyone says - this is the part where we "buy low". I also snapped up BOA, and I'm stocking up on GE and Sun Trust now. Good luck to you!!
I just picked up 150 shares at $1.06 each. Give it time and you'll be glad you did. What's the risk? As long as your not betting the mortgage money, and you can hold this stock for 3-5 years, you'll do well. Just my opinion, but I don't care what anyone says - this is the part where we "buy low". I also snapped up BOA, and I'm stocking up on GE and Sun Trust now. Good luck to you!!
Smart move... have you sold yet? Looks like their quarterly earnings report will be out tomorrow.
Did you sell it when it hit the $4.60 area? Do you own any BAC? That has been a money maker for me.
Of course not.. I sat here and watched it go to $4.88 then drop faster than I could hit sell. The options I couldnt sell until 9, and by then the stock had dropped so low that it wasnt worth unloading.
I dumped half, lost about 10% of my total portfolio on it, then day traded it through the end of the day and brought me up to a 5% loss. Planning to dump the rest Monday because the conversion of preferred stock to common stock will be completed in the next month diluting the value..
Dont own any BAC, I figured I didnt want to own to much banking stock..
I thought the dilution of the stock value wouldnt be reflected so fast in this quarter, seems I was wrong.. Stock went up the minute the quarterly reports came out, went down when it was disclosed that the dilution of the stock due to Obamas loan to stock conversion will be completed within 30 days.. If investors could sue the government for manipulating stock values, Citibank would be a fantastic case..
Ive been buying BAC and USB but left off C as that would be too much bank exposure for me. Also accumulating GE. Anyone else making money on F?
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I sat here and watched it go to $4.88 then drop faster than I could hit sell. The options I couldnt sell until 9, and by then the stock had dropped so low that it wasnt worth unloading.
