Citigroup & AIG - I bought some
 

I bought some Cititgroup 4 cents above its 52 week low at $1.01.

I bought some AIG 5 cents above its 52 week low at $0.38.

Before that I called oil moving up from $40 to $47.50 but sadly I don't know shit about commodities and the ETF I purchased (uso) actually lost a small percentage.

I wish I had invested as much in Citi and AIG as I did oil...

http://finance.yahoo.com/q?s=c&=

http://finance.yahoo.com/q?s=aig

its important to make posts like these the day you buy not once it goes up

I bought 1 million shares of C below a buck too :2 cents:

I also bought Citi, BofA and GE last week.

Today I bought 10000 shares of SIRI just for fun

Climb baby climb :thumbsup

I purchased tons of GM F C and oil at 32 and gold at 320

Right now my bank called me that I have 2 days to pick up the massive amounts of cash im my account or they will start charging me a crazy storage fee, no clue what to do with all the money so I picked up a few Bugatti's and might just buy more Citi

I invested all of my mad money I made over the weekend in iBill.


.. too soon?

USO in my opinion is a safer play. You have little risk eventually oil will be back at $4 per gallon.

If you had noticed all my threads saying, "i think oil is going up in a year and a half but hype could push it up sooner, what is a safe way to invest with this mindset", and how I managed to lose money despite a $7 rise in oil because I had no idea how to invest then you would no that I have no investor credibility on this board and no reason to lie. And I said I invested much less in C and AIG than I did in oil. What is your problem? I see you are from the land of fake-it-until-you-make-it but c'mon. That cheesy bullshit New Yawk attitude isn't shared by everyone. Why can't you just believe me? Don't you have some African American hookers to save from hiv anyway?

I agree that the cost of oil will be higher in the future however I was unable to find a way to invest in commodities that gave me the timing flexibility I would need to feel good about it. What I originally missed about USO, as SomeCreep kindly pointed out, is that fund bleeds money monthly when oil prices are flat.

Got some Citi at just under 2 rode it down to 1 and back up again. Doesn't really matter I plan on holding it for years to come.

Is Citi stock going to climb back up some day to the $20 level?

:1orglaugh

yeahh in 8 years

I'm glad no one called me out on typing "no" instead of "know".

nice score if you really bought those :thumbsup

For that specific reason have a look at USL.

AIG and Citigroup suck ... especially AIG with their bonuses ...

I agree with your point regarding the bonuses, but with the government giving them an endless stream of cash...citi and AIG are some of the best stocks in my opinion. Obama just said tonight on 60 minutes that they will not make these 2 banks fail.

When their own employees won't invest in the company, you know it's a great time to buy :)

Stay away from USO. Those ETF's dont work the way you think.

If they nationalize them completely you are screwed. :2 cents:

They might not "fail", but still the stock price may go down to zero...

i still actually think one or the other will fail or be nationalized. to much losses from bad investments. there are even talks they will need a second round of bailout money. short term if you can time the ups and downs you can make alot of money, but if your in for the long haul i wouldn't touch those two stocks for awhile until absolutely sure they survive the storm.

I make a 74% return on Citi last week - very sweet.

Then I put all of that in AIG when it was at 1.80 and lost most of it.

I am planning on getting in on USO tomorrow (though I wish I would have done it when it was at $22 like I was planning on). I think it will be at $50 by the end of summer so that will be a nice return!

Don't plan on marrying the stock, make a decent profit and move on. The days of holding stocks for long term are over...and as soon as most portfolios get back to even people are putting their money in CD's or gov. securities.

I bought Citigroup but I was asleep at the wheel and got it at 1.78 :(

yeah i cash in big time last week on citi hit got out with 200% profit and then took a nice profit again on freddie mack and fannie mae :) got back into citi as well i see good things this week.

Nationalization won't happen. Period.

Easy money as far as I can see. In 5-7 years it will look like a no brainer.