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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (37111)	3/28/2010 3:34:31 PM
From: anializer	Read Replies (1) \| Respond to of 78715

I just opted out on one of my C credit cards when I got a notice of a change and terms and conditions, basically a $60 annual fee fee to retain the card. It was collecting dust anyway, but hell no, I canceled the card.

To: Paul Senior who wrote (37111)	3/28/2010 4:43:07 PM
From: Jane4IceCream	Read Replies (1) \| Respond to of 78715

Hi Paul, I have been holding C long term since the 2's. Other noted value investors on SI and others with good long term track records here on SI have also been holding C such as: 1)From: Bill Wexler 3/3/2010 5:05:48 PM Read Replies (1) of 6119 Buying very large chunk of Citigroup (C) @3.40. If they haven't 2) Dale Baker of the 50% Gains thread FINANCE - AHL (26.45), AMPH (20.6), BAC 2011 Jan 10 calls (5.1), BNPQY (35.28), C (3.73), 3) One of SI's best chart readers: To: Keith Feral who wrote (88212) 3/23/2010 2:20:10 AM From: dabum3 Read Replies (1) of 88435 Re: C ... >>> I think people have to be in the stock under $4 to make a 50% return on the stock over the next 12 months. <<< I hope so, I've got a full position at $3.42. Not to mention several powerful Wall Street funds. -Jane

To: Paul Senior who wrote (37111)	3/28/2010 4:55:07 PM
From: blastedwand	Respond to of 78715

I agree but many of those "kids" will trade it day by day. They will dump when it pulls back out of fear and also buy and sell at odd times. Few will actually invest and sit back. I think the play here is a long term investment of 5-8 years. It will still take some time to fully clean up the mess but it will get cleaned and they will rise again. should easily see 20% plus growth per year over that time. All these banks just got a free pass to work through the mess that could have pulled them under. While I do not agree with the free pass I do think they will now be worth a lot more in the future.