Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I missed the "common stock"
I though they where de-registering some other obligations.
Looks like there moving back to pink.
I think that is good news
What Does SEC Form 15-12G Mean?
A certification of termination of registration of a class of security under Section 12(g), or notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the 1934 Securities Exchange Act Section 12(g).
After-Hours Most Active Day’s Close After-Hours After-Hours% Change
CCitigroup Inc 4.93 5.00 +1.4% 5
My thoughts (180 to other posts)
I see the upper gaps filling and like I said before consolidate and float to mid high 5's until next Q or more guidance.
I don't agree with the sell before the gov releases a plan to sell, I beleive the plan to sell will only move the stock higher. Lets face it you can read anywhere on the web investment houses do not like the stock due to the gov's ownership. So once the plan is laid down the gov is out and investment agencies might take a shine once more to C stock. C in the past was one of the most widely institutional held stocks. That's not the case today.
Other well know fact city has been losing money for better part of two years. Now for the first time in two years it's moving back to profit (monumental)
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Steve Grasso recommends long Citigroup [C 4.55 0.08 (+1.79%) ]. “I think the whole sector is moving higher.”
Ref:
http://www.cnbc.com/id/36320424?__source=yahoo|headline|quote|text|&par=yahoo
keep this in mind too (this is great news):
There are encouraging signs that Citi will find it easier to dispose of its noncore assets than the market once thought. The public offering on Mar. 31 of 21.4 million shares of its Primerica (PRI) insurance marketing subsidiary at $15 per share raised $320.4 million, 35.6% more than the $236 million Citi had expected to raise by selling 18 million shares of Primerica at $12 to $14 a share. Even more surprising, Primerica's stock briefly traded above 20 a day later, closing at 19.65 on Apr. 1.
Ref:
http://www.businessweek.com/investor/content/apr2010/pi2010045_518071.htm?campaign_id=yhoo
Current valuation:
Price to Book Value (P/BV) 0.18 1.23 -85.73%
If company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.
It's currently undervalued by 85% benchmark
ref:
http://www.stock-analysis-on.net/NYSE/Secondary/Citigroup-Inc/Valuation/Price-Multiples
However for every good side there is always a bad side. This is the only thing that could hurt us right now
Major Banks Said to Cover Up Debt Levels
http://dealbook.blogs.nytimes.com/2010/04/09/major-banks-said-to-cover-debt-levels/?partner=yahoofinance
Report: Banks Understated Debt Levels
http://www.forbes.com/2010/04/09/report-banks-understated-debt-levels-marketnewsvideo.html?partner=yahootix
sorry didn't have time to markup chart, have to catch a plane! have a great weekend.
One more thing, I could not find the articles but two analyst I follow that have C stack at $6 factoring in the sale of the gov!
B
ok
will do I'll have to re mark up the chart in the morning.
T
My edits
They didn't come through in the post... shit
It's hard
yea, I don't know any more (what to say about AKYI. I had one of my other penny's up 630% only to pull back to 318% increase in a day.
T
My thoughts
High level look:
You can see in the chart (I put the Q's lines on the chart) the trends of people anticipating good or bad news (shorts / buys). Now the reason I think c will hit 5 and consolidate is they are doing better however they still have a long way to go hence my view on some consolidation at 5-5.80 or so until next Q.
But I not sure what will happen if C gets into the mid 5's and is now at these levels viewed as a large cap stock. You might see some people that are unsure of c long term starting to build confidence.
my .02
I'm of the same mind
As you and east coaster.
Do to the lack of activity in this stock I've been forced to buy another kite and do more kite surfing!
Yea Nice link
He goes into the fine detail, I missed to $5 spike Oct 2009 on the 2y chart.
4.40
I cant beleive we broke through this resistance level that fast (from my last post) 4.31 was a bullish indicator but the last resistance level was 4.40. I cant wait to see if I'm right. If it continues up in the morning its free to float around until the next resistance levels at 7-8-9.
4.40 was major going back to 2009 (in last post)
B
Me too
But these guys I don't mind holding on too. They seem very strategic in nature. Even with PR's and launching their products. look at this last one done at the bust time and done right.
Cant wait to see whats happens now! I have no intention of selling for another two years lol
I cant believe it hit .02! that's 600% + in one day.
I think it will go silent now until they report making real cash and it's only a matter of time now. I will happen fast (the cash that is)
T
lol 316%
hows 316% in one day!!!! shit yea!
This is crazy good news!
Physhield Insurance Exchange Signs Agreement with Palumbo Insurance Associates to Sell Physhield's Medical Malpractice Insurance
but no action... I guess we're all alone! lol
Cant wait to watch and see how this works out... should mean cash for sure this year.... I cant not see why not.... it's as good as money in the bank. I was shocked to see Physhield on the site already www.palumboinsuranceassociates.com.
Good news:
in airport didn't get time to detail but here's the gist:
AGS MASK OTHER COMMODITY GAINS... The point of Chart 4 is twofold. One is to emphasize that most commodity groups turned up in early February along with the three commodity currencies (not shown here). The second purpose is to demonstrate that agricultural markets are making the commodity gains look smaller than they really are. The main portion of Chart 4 shows the DB Commodity Tracking Fund (DBC) just breaking through its March high. By contrast, the PS Energy ETF (DBE) is testing its 2010 high (crude oil has already hit a new high), while the Industrial Metal ETF (DBB) is right behind (copper has already hit a new record). The third line shows the Precious Metal ETF testing its March high (silver has already broken out). By contrast, the PS Agricultural ETF (lowest line) has continued to drop sharply. The DBA is being pulled lower by grain and sugar prices. Of all the commodity groups, agriculturals are the least economically-sensitive (and are driven by crop and weather conditions). As a result, weakness in that group is preventing commodity Indexes (like the CRB and DBC) from showing stronger gains. And, in my view, that is masking the much stronger gains in economically-sensitive commodities like energy and metals. Which brings us back to my original point that too much focus on the weaker Euro is calling attention away from rising commodity-based currencies, while weak agriculatural markets are masking gains in more economically-sensitive commodities. In other words, the outlook for commodities (and their related shares) is even better than it looks on the charts of the U.S. Dollar Index and the CRB Index. And, to the extent that rising commodities reflect economic strength, that's positive for stocks as well. The only market it's bad for is bonds.
Not good / well not to bad either
Well at least pbr is going up on oil price. But i think its going to be short lived
the EURO is diving again.... but the USD is not moving up too much, this is nice. The recovering economy is driving up oil prices thus moving PBR right now.
We'll see what happens this week
B
4.50 or 5 is about right
Bac
$18
Shares Outstanding5:10.03B
Float:10.01B
Revenue (ttm):71.07Revenue
Per Share (ttm):9.196
C
$4.20
Shares Outstanding5:28.48B
Float:20.76B
Revenue (ttm): 41.53BRevenue
Per Share (ttm): 3.59
Ironic
Ironic that one single line shows all the issues. It goes straight into the resistance levels. Even with today’s rise we are still just touching the upward trend line. That was a bad dip and a really bad place for it to happen.
So I would not move the price channel line at this time. It’s a 50/50 for me. I would be inclined to think C will pull back say 4-4.10 or so form the other shoulder then move up again. I would think this will all happen from now till the 15th
But again who knows lol!
B
Resistance
There is a bunch of smaller resistance points but if C breaks
4.31 then through 4.40 it will need to possibly establish new points of resistance. I cant see it going to the 7.50-9.00 levels in 2010.
passing 4.31 will be an extremely bullish signal
I think you will see it consolidate in and around 5-6 for 2010, but it's just a guess and my .02
all eyes on 4.40
B
Interesting
Have a look at the blue line that blue line is a heavy resistance line going back early 2009. If C can pass through that line the next resistance line is right on $9
That will be a majior pass if C can do it. Things will get real interesting around here if c passes 4.40
We also ran through the 200 and 50MA like they never existed! love all the small gaps from the 16th forward
Shorts
Oh the shorts on C and pbr...
I was readying three days ago the short volume on PBR was high. It was also too funny to see all the shorts exit C...... lol by the billions....
Not good
FXE - Daily OHLC Bars, Euro 133.80 -0.66 -0.49%
UUP - Daily OHLC Bars $USD 23.93 +0.09 +0.38%
reason for today. At least oil is holding up at 82 or so.
Not sure why the Euro dropped today.
Yea but
I don't think you will see anything but upside from here they are not doing to dump them all at once eveyone is thinking like that. You have to remember how it will play out or how your being played
First city will report April, it will be good news
Gov will sell say a billion shares (that will not even have effect during the good news (city has traded 6.5bill shares in less then two weeks)
Remember institutions have up until say 3months ago shun City. If city has a good reports to build confidence again watch out when the funds truck backs up to City.
The Gov will sell shares almost every Q. I'm thinking they will divide the 7.7 into 4Q's
charts
look at the charts.... lol they're just doing what they do best!!!! now there just picking up all the lose sell orders.
Don't be so sure...
This is my guess
http://www.smartmoney.com/Investing/Stocks/Stock-Picks-Apple-Up-Citi-Down/
stock is holding nice, from what I see now it's a hole lot of buying going on. I think it was the big guys making an entry point
we'll see this week if I'm right.
my .02
B
Keep going!
FXE - Daily OHLC Bars,Euro 134.22 +0.42 +0.31%
UUP - Daily OHLC Bars, USD 23.89 -0.07 -0.29%
Looking better
FXE - Daily OHLC Bars, 520 Euro 133.70 +1.18 +0.89%
GLD - Daily OHLC Bars, 460 Gold 108.29 +1.51 +1.41%
thus:
UUP - Daily OHLC Bars $USD 23.99 -0.14 -0.60%
Need this to tank! lol
it's starting
But we have a long way to go (it's really high)
UUP - Daily OHLC Bars $USD 23.98 -0.15 -0.62% 2010-3-26, 12:39ET
Rise
You will see your rise today. The USD will drop against the EURO thus commodity's will rise. We need the EURO back on track to allow PBR to move up.
This year PBR started to track against the USD. Then beginning of the month started tracking to the Dow (quite normal) however the USD started to rise allot thus commodity's turned back to focus on the USD. In this chart you see at the bottom the USD and the EURO going in opposite directions and in the chart you can see the direct correlation to the USD price. We should start to see them come back together and start an oil rally now that the EU has a plan to help Greece and other troubled areas in the EU
heheh I would not worry to much about the 50ma :)
T
Shorts
It should not be too high they have been running for the doors the past few days hence the high volumes. As soon as the gov announced the slow sale they all lost their bets and needed to get out.
As for the sale.
this might help (good read)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aqx4cZV8zhYM
B
Another story
that had the vultures circling at the start of the year was Citigroup [C 4.3085 0.1585 (+3.82%) ]. Many thought the bank was a can’t lose trade on the short-side as the government began dumping its monster 27 percent stake on the market this year. What they didn’t count on was Uncle Sam being content to sit on the shares for a while as consumer credit quality made a faster-than-expected recovery.
According to Bloomberg News, a preset selling plan for the government is not set to begin until next month, around the time when Citigroup will present first quarter earnings. The shares are up more than 5 percent on the news.
With the possibility of an upside surprise in earnings, “you don’t want to be short this stock another three to four weeks,” said Kaminksy.
Many things on Wall Street have changed in the past year, put this maxim still remains: “The market can stay irrational longer than you can stay solvent.”
For the best market insight, catch 'Fast Money' each night at 5pm ET on CNBC. To play Fast Money’s bracket challenge, go to fastmadness.cnbc.com.