C - Citigroup - Page 320

It depends- long term maybe none...

A R/S is all relative- everything stays the same, relatively.

The issue is the psychological impact (negative investor sentiment of a R/S and are investors willing to pay the higher price) and further dilution.

I don't have a crystal ball, but if and when the decision is made, I'd expect a 20% to 30% drop leading up to the date of the split, and about the same drop after it goes into effect. You can ride it out and it may have little or no effect- long term.

AIG did the aforementioned, but it then took off.

If they in fact do a R/S (I personally believe they will have to especially due to the pending 20 billion mass dilution), I'll be getting in a few days after the split. People are going to short the HECK out of it.

So the time to buy would be before the split, not during or after correct?

No, no, no.... Buy after the R/S is done. I'd watch the chart and would wait a few days until the split has taken place.

The price will probably tank before the R/S happens, on news, and will continue to tank after it.

I believe, based on the current and future share structure, there will be a R/S, but I could be wrong- it may never happen.

haha, funny vid. Sorry i'm new at this

I agree with USMC,wait till after the inevetible r/s.Iwill be inline to short C after it all goes down. I amtired of beaing a dead

By the way,2 nights ago in after hours,I sold all I had in C......couldn't wait anymore.

still holding on for dear life, then getting even more after the r/s

If you're long, I think you'll be OK in the end. Expect a major drop tho; it's gonna get nasty. This may go in the low 3's or high 2's.

Unlike the initial pop with BAC on the news of repaying TARP, I'm not so sure how the market will take this one- we'll see soon.

LMFAO!

"This may go in the low 3's or high 2's."

I was going to post that earlier,but,I did not want to spook the longs.You know if it does get into the 2's,we are sure to see wild swings in price.It may be good for a flip or two making some pretty decent money. Thoughts on that??

If it actually drops in the 2's, I'll pounce on it regardless of a R/S or not. Standby, I'm gonna do the math on the dilution....

DILUTION MATH

Gosh, this doesn't look good. It's straight across 6's (666). C is the DEVIL!!

$20,000,000.00 / $3.00 = 6,666,666.666 new shares. (I just threw $3 bucks as a discount rate)

You know,I would probably but in the 2's also.The thing that bothers me on a r/s split is that we have no idea on what that number will be.Suppose they did a 1/10 split ?That would really scare me.

LOL,now you really scared me!!

I'm guessing 1 for 20 +. Sorry kids.

Actually, if they don't dilute after it, it shouldn't be that bad.

1/20? Calling C the devil?
How do you expect anybody to buy this?? LOL

Wouldn't it be better to just sell it now and rebuy it even if it is a wash sale? 2s to 3s is a big drop.

I'm long C and I'm scared.....

I wish I could give you good advice on this,but,I just do not know.Personally,I sold all my shares 2 nights ago.I was prepared to go long and add to my position along theway,and things got crazy forcing me to bail.I got in about 2 months ago and I only had 223 shares.I only lost about $150 which made it an easy call.For people who have a lot of shares,its a tough call.

How many shares do you have and at what cost?

DON'T U GUYS KNOW ABOUT THE WASH RULE (if U think about selling at a loss and buy back at lower price)?

You guys are scaring the living dogshit outta me....I am into C heavy averaged at about 4.20. I am thinkin about getting out and diving in Deep anything under 3...but what guarantee do we have it will get that low?