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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: octavian who wrote (42371)1/26/2009 9:29:48 AM
From: gronieel6 Recommendations  Read Replies (2) of 42834
 
"--Are you saying you NEVER (on any board or blog) said that Citigroup was "like a bond"?.."

Octavian, Kirk has said MANY times that C is just like owning a bond...here's but one example...
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Kirk Lindstrom (Silicon Valley, CA) replied to James's post
53 minutes ago.

I think of higher priced shares of C paying 4 and 5% on the original price as similar to owning individual bonds when rates go up... You COULD sell for a loss, or collect the interest and get your money back later on... In the case for C... I hope to get much more than my money back... for the shares I bought at a higher price.

Nice buy at $31.61! I wonder if you nailed the bottom or will we get a retest? I've had such terrible luck of late that I'm in the mood for "successful tests" first before catching any more falling knives.... which in itself is often a sign of "capitulation. "

Reply to Kirk
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Now that Citi is a penny stock paying zilch in dividends...Kirk claims it doesn't matter anyway...he's on the "house" money.

Gambling talk like that about investing is the mark of a rank amateur.
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