Saturday, April 11, 2009 7:23:54 PM
my strategy: I have Aprill call options on BAC and Goldman[GS} and Citigroup {c]. When Goldman releases it searnings Tuesday. I selling -to -close all my call options. The hype alone and investor confidence will be highest Monday.....tuesday Goldman can surprise us with a LOSS?!?!?! you never know. But I will probably close all my positions Monday around 2pm. I expect Citi to see $4.bucks monday and BAC to see 11 dollars monday and Goldman to see $135+ monday...this is when I m getting out.
Monday I am also buying PUT options on citigroup...the current trading range is too high 3- to 4 bucks is too high....citi is a penny stock until it reorganizes it share structure and divests of it numerous business. All th e ananlysts reporsts i read and pay for say Citi will not meet the consensus estimate..perhaps miss it by 1 or 2 cents.
either way come friday, Citiwill be trading under $2.00 for most of the trading day Friday...
BUT HERE IS MY ABSOLUTE CRAZY PREDICTION...ALTHOUGH THE WILL REPORT NEGATIVELY...THE LAST HOUR OF TRADING FRIDAY CITIGROUP WILL BOUNCE RIGHT BACK UP TO $3.00+ JUST RIGHT BEFORE CLOSE........WHY.......INVESTORS WHO ARE LONG ON CITI WILL SPOT A GOOD DEAL AND BUY ESSENTIALY CHEAP SHARES AT $1.50 A SHARE IN THE EARLY MORNING TRADING.
1. I WOULD DAY TRADE CITI ON FRIDAY, BUY WHEN THE STOCK SINKS TO $1.00 SOMETHING THEN SELL IT BEFORE CLOSE OF THE MARKET DAY WHEN IT SWINGS BACK TO $3.00
MARK MY WORDS...YOU'LL SEE THIS CRAZY GAP HAPPEN.
I WILL BE WAKING UP EARLY EVERY MORNING AT SUNRISE WATCHING PREMARKTET ACTIVITY ON FOREING ECHANGES
BERLIN STOCK EXCHANGE AND JAPANESE STOCK EXCHANGES
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