BUY Citibank (C) ??

[altria89]

Holding my position until tomorrow at least. Market got stronger as day ended so good sign for tomorrow hopefully.

[mrmarket]

If C holds 20 for about a month, it may be time to buy more. It will be interesting to see which way they go with the dividend.

[IIC]

Great open today! Hold on til fed decision?

I'd trim before and get rid of the rest b4 the close

[altria89]

Great open today! Hold on til fed decision?

[IIC]

Geez Spike...I don't think he wants to hear that either...Actually, he is a friend of a friend who asked me if I would talk to him...I did...But I wasn't much help.

Got another one who bot last Novemebr in the 90's as a LTI...Fortunately they were not on margin...But I can't help them either.

I've made some bad moves in my time and some were pretty bad...But none were ever disasterous and I wouldn't allow that to happen to myself

[spikefader]

Margin Call...I got a call from a guy asking what he should do...Friday he bot BSC margined to the max...His broker sold him out around 3 bux and now wants almost $180 grand.

Many a landlubber knows-not
the sharpness o' th' Kraken's teeth,
and does nay have the wisdom
to keep a constant eye out
fer the hungry monstrous beast

See, the Kraken grow big,
and have jaws a full length o' a Scuttle,
and cold-blooded veins as thick as any scally wag,
they lurk in the green depths, hidden
until they hasten a broker's margin-call nag.

Thar be shipyard bosses
who rent out for coins,
those smart-lookin' vessels
with which leverage can turn 'em on a buoy,

but avast all assumption
that these boats threaten no tears,
especially to those skippered
by landlubbers wet behind th' ears.

Because if ye pass on insurance,
no cover 'gainst grief,
then ye jump from a coast guard's schooner,
into jaws of th' foul beast.

Such becomes unchangeable history,
fer those who've sailed in reckless abandon,
nay covered 'gainst skipper-error, foul luck,
trick, corruption, or villain.

Thar be naught consolation
fer landlubbers with cutlassed and bleedin' hands,
save fer knowin' that th' slimy great Krakens
are naught present on dry land.

So if ye lose an arm and a leg,
to the merciless squid,
next time consider
where to offer yer bid.

Bleedin' and drowning,
needin' t' holler and wail.
don't worry too much about yer voyage,
....at least ye lived t' tell the tale.

[IIC]

For those who JUST have to buy a Bank Stock...Check out this one...#51 on my IIC 100 and hit another new high today...HCBK

[IIC]

I have no idea what the law says. But I do know what the Bible says, and I'd tell him to pay the bill. If things had turned out the other way, he'd want HIS $180 grand, wouldn't he?

Newborn...I don't think that's the answer he wants to hear and I don't think it is my place to sit in moral judgement of the poor guy....Anyway, I rather doubt that he can pay the bill...at least in the foreseeable future.

[New-born baby]

Margin Call...I got a call from a guy asking what he should do...Friday he bot BSC margined to the max...His broker sold him out around 3 bux and now wants almost $180 grand.

He asked me if he could get out of it by filing bankruptcy...Heck, I don't know...Anyone know?

I have no idea what the law says. But I do know what the Bible says, and I'd tell him to pay the bill. If things had turned out the other way, he'd want HIS $180 grand, wouldn't he?

[New-born baby]

Jos. Lewis lost $1.1B on BSC.

http://articles.moneycentral.msn.com/Investing/Extra/BearStearnsPlungeTakesAlongBillionaire.aspx?GT1=33002

[IIC]

Margin Call...I got a call from a guy asking what he should do...Friday he bot BSC margined to the max...His broker sold him out around 3 bux and now wants almost $180 grand.

He asked me if he could get out of it by filing bankruptcy...Heck, I don't know...Anyone know?

[altria89]

Did you buy it?



.

Bought in at 18.699.

[IIC]

An anticipated full point rate cut. Thinking about buying Citi before the end of the day.

Did you buy it?



.

[billyjoe]

An anticipated full point rate cut. Thinking about buying Citi before the end of the day.

Or you could take up juggling knives or chainsaws.

----------billy

[altria89]

An anticipated full point rate cut. Thinking about buying Citi before the end of the day.