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Revscene Wall Street.
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03-21-2011, 10:21 AM
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#3551 | | Rider
Join Date: Apr 2010 Location: Surrey
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a 10-1 roll back
for every 10 shares you get 1
4$ - 40$
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03-21-2011, 10:23 AM
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#3552 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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C to me is a buying opportunity right now. This reverse split is bullish as more institutional guys come in. Although you could argue nothing has really changed, but I would rather own a $40 stock than a $4 stock.
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03-21-2011, 10:33 AM
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#3553 | | Rider
Join Date: Apr 2010 Location: Surrey
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Originally Posted by Carl Johnson  C to me is a buying opportunity right now. This reverse split is bullish as more institutional guys come in. Although you could argue nothing has really changed, but I would rather own a $40 stock than a $4 stock. | do tell why
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03-21-2011, 10:41 AM
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#3554 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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Just a personal preference. I've become lot more successful since I moved on from investing in stocks below $5. That is not to say you can't make money investing in those stocks.
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03-21-2011, 10:58 AM
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#3555 | | I contribute to threads in the offtopic forum
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Yes above $5 is more bullish to me since a lot of institutional investors can put there money in it. Mutual funds can put money in it.
The thing is how much higher can C go after the reverse split from $44?
I tried to do some calculations and not sure if it's a right way of looking at it. But Citi earned 10 billion last year. Excluding the losses from Citi holdings, they actually earned 14-15 billion. A lot of people expect their normalized earnings would be in the range of 14-20 billion a year. Divide that by 2.9 billion shares, you get a 4.80-6.90 EPS. You give it a 10 PE, it should give you a stock of $48 to $69. I was hoping the money Citi make from now till next year would go towards some stock buy backs.
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03-21-2011, 11:54 AM
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#3556 | | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
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Originally Posted by highfive Citi is planning a reverse 10-1 stock split. Plus a 1 cent dividend in second quarter of 2011.
Anyone know the effects of the reverse stock splits? | Should be more popular to be invested in as their SP is under $5 now, some companies might not want to touch it. But I honestly have no idea, I'm holding a few shares of Citi myself :/
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03-21-2011, 04:24 PM
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#3557 | | I contribute to threads in the offtopic forum
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Basically, a lot of mutual funds/institutional investors cannot touch C because under $5 is a penny stock. If C is over that $5 mark, I'm sure there will be some institutional buying since it is underowned institutionally compared to other banks. I think the other banks were 65-70% institutionally owned and C is only 50ish%. Yeah, I'm holding on some shares too. Luckily I bought the majority of it under $4.
Has anyone heard of BXX? The CEO is the same guy for CUU.
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03-22-2011, 09:21 AM
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#3558 | | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
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Does anyone here day trade ELT? I've been seriously considering it for a while, there cycles are very strange but their SP rarely drops below 0.05 and often fluctuates between 0.05 and 0.06 a few times a week
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03-22-2011, 10:17 AM
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#3559 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Mer jumped 3 cents (25%^) !!! woot $$ Posted via RS Mobile | |
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03-22-2011, 11:42 AM
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#3560 | | I contribute to threads in the offtopic forum
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Never heard of ELT.
When did MER jumped 3 cents? I do notice a big volume buy though.
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03-22-2011, 02:53 PM
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#3561 | | I contribute to threads in the offtopic forum
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Originally Posted by ilvtofu Does anyone here day trade ELT? I've been seriously considering it for a while, there cycles are very strange but their SP rarely drops below 0.05 and often fluctuates between 0.05 and 0.06 a few times a week | I bought some a while back, they get large volumes some days but their SP rarely moves. I was probably in a streak of bad weeks, I bought at 0.075 and i think 2 months later, it fell to 0.06.
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03-23-2011, 12:13 AM
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#3562 | | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
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Originally Posted by aznlangjai I bought some a while back, they get large volumes some days but their SP rarely moves. I was probably in a streak of bad weeks, I bought at 0.075 and i think 2 months later, it fell to 0.06. | Lol I played a very very small amount in fall when it went from 0.03 - 0.06 I sold
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03-23-2011, 02:09 AM
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#3563 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
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I'm holding quite a bit of shares of Citi myself, bought most of it when it was under $4 and a few after as it touched $4.
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03-23-2011, 05:08 AM
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#3564 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
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Originally Posted by suzuka84 I'm a mining guy. I can tell you everything about mining companies and the stuff they have in the ground. I can show you companies with great prospects and low share prices or vice versa. The only thing I can guarantee after doing this for 6 years is to put your money with rainmakers.
LUN will get bought out and in my previous post as the markets are currently behaving irrationally you want to put your money in safe bets for the time being. As we approach the end of the month, their share price will go near the buy out price so you can cash out then or take the shares in the new company. The current bidders for LUN are companies of similar size and as such you would expect a mining giant to come in and outbid everybody to secure it.
LUN has a very strong exploration arm called NGex - look at the website for the company mission statement: No Guts No Glory. It exemplifies Lundin very well. |
Has your opinion on LUN changed? I just saw that their board has recommended that shareholders reject the EQN bid. And it doesn't appear like there will be another rival bid coming (no word from FCX etc...).
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03-23-2011, 08:54 AM
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#3565 | | I contribute to threads in the offtopic forum
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CUU breaks the $2 mark.
Damn Feds rejected BAC dividend hike. Banks are being punished. I'm going to see how Citi is in its next earnings release. As long as they cut down Citi Holdings ASAP, their earnings will always be dragged down.
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03-23-2011, 02:00 PM
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#3566 | | I don't get it
Join Date: Mar 2008 Location: burnaby
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Originally Posted by DOHCVTEC Has your opinion on LUN changed? I just saw that their board has recommended that shareholders reject the EQN bid. And it doesn't appear like there will be another rival bid coming (no word from FCX etc...). | no change whatsoever.
I have close to 20k (purchased at $7.50/share) on this deal so I need them to close with Equinox else a white knight comes to the rescue and blows all parties out of the water with a better deal.
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03-23-2011, 02:08 PM
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#3567 | | Network Admin Team
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what do you guys think about buying into CUU at the $2 price?
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03-23-2011, 02:35 PM
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#3568 | | I contribute to threads in the offtopic forum
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CUU - long term wise, it's a good buy. Short term trade - I would hold back a little. But time frame to buy at a low price is getting harder. The resource estimate should be coming out anytime now. And the FS would be out by June.
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03-23-2011, 04:25 PM
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#3569 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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RE is out next week, you want to buy, buy not....it's not going any lower
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03-23-2011, 05:05 PM
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#3570 | | Guest
Join Date: Oct 2010 Location: Vancouver
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And apparently NTL news should be out soon
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03-23-2011, 05:51 PM
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#3571 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Originally Posted by blkgsr RE is out next week, you want to buy, buy not....it's not going any lower | Whats the predicted amount it will go up?
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03-23-2011, 07:26 PM
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#3572 | | Need my Daily Fix of RS
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Hey suzuka84, what do you think of MER's board of directors? Does it look like a solid team?
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03-23-2011, 08:27 PM
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#3573 | | I don't get it
Join Date: Oct 2010 Location: Vancouver
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Originally Posted by SiR_vfung Whats the predicted amount it will go up? | 2.50 after halt hits . $3 shortly after . Posted via RS Mobile | |
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03-24-2011, 08:00 AM
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#3574 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Back in to CUU @ 1.94.. 7c's higher than what I sold for last week =(
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03-24-2011, 08:14 AM
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#3575 | | Guest
Join Date: Oct 2010 Location: Vancouver
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COPPER FOX ANNOUNCES STRATEGIC ACQUISITIONS TO ENLARGE SCHAFT CREEK PROPERTY AND PURCHASE OF LIARD COPPER MINES LTD. SHARES http://www.cnw.ca/en/releases/archiv.../24/c6058.html | |
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