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  Stay short on Citi as I've said all along
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piginsoc  
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 More options Nov 28 2009, 10:17 am
From: piginsoc <pigin...@gmail.com>
Date: Sat, 28 Nov 2009 07:17:12 -0800 (PST)
Local: Sat, Nov 28 2009 10:17 am
Subject: Stay short on Citi as I've said all along
http://www.financialpost.com/m/story.html?id=2278444&s=Financials&p=2

Anyone who says go long doesn't know what they're talking about and
just have wishful thinking.  Trust me, the only ones on this board who
are pushing long on Citi are newbies, college kids, and people who
can't even grasp the fundamentals of English.  For those of you who
have lost a lot of money listening to A. Ron and the like, now is your
chance to make it all back on the short position.


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??  
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 More options Nov 28 2009, 11:25 am
From: "??" <ksiem...@optonline.net>
Date: Sat, 28 Nov 2009 08:25:32 -0800 (PST)
Local: Sat, Nov 28 2009 11:25 am
Subject: Re: Stay short on Citi as I've said all along
Sorry pigstock, you continue to lie that others are giving advice when
you are the only one giving advice.

On Nov 28, 10:17 am, piginsoc <pigin...@gmail.com> wrote:


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CSC Reality...$  
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 More options Nov 28 2009, 11:43 am
From: "CSC Reality...$" <roccoanthonyja...@hotmail.com>
Date: Sat, 28 Nov 2009 08:43:02 -0800 (PST)
Local: Sat, Nov 28 2009 11:43 am
Subject: Re: Stay short on Citi as I've said all along
stop shorting!

On Nov 28, 11:25 am, "??" <ksiem...@optonline.net> wrote:


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jimmy  
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 More options Nov 28 2009, 1:58 pm
From: jimmy <bass9...@msn.com>
Date: Sat, 28 Nov 2009 10:58:14 -0800 (PST)
Local: Sat, Nov 28 2009 1:58 pm
Subject: Re: Stay short on Citi as I've said all along
Some people are worse than the Sept 11 characters who tried to bring
down the US financial system. They will look for any story to rally
behind so to make a dollar on short selling, even if it means bring
down whole banking sector.  This is a global free market system and
there will alway be some underlying risk associated with cross boarder
investments. C probably owes Dubai's regional investors more than its
debt exposure to the region, so it  may have more indirect protection
against loss than others. It has also stated that its exposure was
minimal to Dubai World.  The Dubai government has access to plenty
money to finish the project. It also has a stake in some of the banks
with the most exposure.

On Nov 28, 10:17 am, piginsoc <pigin...@gmail.com> wrote:


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Flint  
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 More options Nov 28 2009, 2:16 pm
From: Flint <leamingtonairp...@yahoo.ca>
Date: Sat, 28 Nov 2009 11:16:17 -0800 (PST)
Local: Sat, Nov 28 2009 2:16 pm
Subject: Re: Stay short on Citi as I've said all along
Piginshit.
The problem is that nobody here gives you any credibility. and rightly
so, you provide nothing of substance. Really it's time to STFU for
once.

On Nov 28, 1:58 pm, jimmy <bass9...@msn.com> wrote:


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jimmy  
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 More options Nov 28 2009, 2:18 pm
From: jimmy <bass9...@msn.com>
Date: Sat, 28 Nov 2009 11:18:14 -0800 (PST)
Local: Sat, Nov 28 2009 2:18 pm
Subject: Re: Stay short on Citi as I've said all along
That article was probably written by someone who has gone short on the
sectors. Most of these people are suppose to let readers know their
investment positions in companies they report on but they don't. I
will give you credit Piginsoc, at least you let us know when you're
short on C before you express someone else's opinion.

On Nov 28, 10:17 am, piginsoc <pigin...@gmail.com> wrote:


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sASCH.  
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 More options Nov 28 2009, 6:49 pm
From: "sASCH." <emailausdruc...@googlemail.com>
Date: Sat, 28 Nov 2009 15:49:31 -0800 (PST)
Local: Sat, Nov 28 2009 6:49 pm
Subject: Re: Stay short on Citi as I've said all along
No no.... Hopefully he also walks the walk and shortened now even
more. House, Loan on car, retirement aso. to see that he will get
burned entirely.

If someone sold because of the DW news and thinks that piginsoc knows
what he is doing should consider to put his money into a savings
account....

On Nov 28, 11:43 am, "CSC Reality...$" <roccoanthonyja...@hotmail.com>
wrote:


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Norrin Reading  
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 More options Nov 28 2009, 8:01 pm
From: Norrin Reading <norrinread...@gmail.com>
Date: Sat, 28 Nov 2009 17:01:51 -0800 (PST)
Local: Sat, Nov 28 2009 8:01 pm
Subject: Re: Stay short on Citi as I've said all along

I agree that C is a dog.  But if markets do shrug off Dubai on Monday,
then we should at least see a gap fill at the 4.17 area.  I'll see how
it acts there, and look for a quick short, or if it smokes 4.17 with a
big volume spike, I'll be a pullback to that area.  I'm look at a
short term time frame though, longer term I wonder if they'll avoid
the zero mark or not.  Commercial real estate is next on the chopping
block.


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sASCH.  
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 More options Nov 28 2009, 8:19 pm
From: "sASCH." <emailausdruc...@googlemail.com>
Date: Sat, 28 Nov 2009 17:19:12 -0800 (PST)
Local: Sat, Nov 28 2009 8:19 pm
Subject: Re: Stay short on Citi as I've said all along
Norrin.... Shorting C (or any other bank) might be a possible day
trade for a quick $ and only possible because of the recent Dubai
situation- otherwise it wouldn't be a smart idea. Recent C short
numbers show that the big players are on the sideline with C.

For an average Joe investor, like here plenty around, the message this
piginsoc delivers is just fatal.... and will help to make maybe him
rich (he want to charge for his "recommendation" and was pushing CIT
as a better investment than C), but won't make the average Joe
wealthy.

Cheers.

On Nov 28, 8:01 pm, Norrin Reading <norrinread...@gmail.com> wrote:


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asdasd sdasd  
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 More options Nov 28 2009, 10:48 pm
From: asdasd sdasd <advantagetennis...@gmail.com>
Date: Sat, 28 Nov 2009 19:48:09 -0800 (PST)
Local: Sat, Nov 28 2009 10:48 pm
Subject: Re: Stay short on Citi as I've said all along
actually norrin and pigin is right in this case... C is a crap
stock...... dont hold it... i bought tons of call options at 4.50-4.75
and lost tons on the downfall

yeah.. pigin is a little bit of a pain when he keeps telling everyone
to short, but if you actually had bought some put options or sold this
when it was $5, you would be sitting happy now instead of having to
hold on for xx amount of years.

now dont get me wrong.. i am not neccessarily advocating to short C at
all, but I am definately not recommending it as a buy and hold stock,
unless you can buy it at $3.50 or lower

On Nov 28, 8:19 pm, "sASCH." <emailausdruc...@googlemail.com> wrote:


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jimmy  
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 More options Nov 29 2009, 4:51 am
From: jimmy <bass9...@msn.com>
Date: Sun, 29 Nov 2009 01:51:23 -0800 (PST)
Local: Sun, Nov 29 2009 4:51 am
Subject: Re: Stay short on Citi as I've said all along
I don't think you should take advice from piginsoc. C is a very
complex company which can very quickly burn short sellers. Although
someone has recently been putting pressure on price in hopes that a
story like Dubai would come along to push price down, it's price
should double in the months ahead. The banks are really doing much
better now than a year ago. Some people are just doing what we call
'trying to jawbone price down' in an effort to make a dime on put
options... Piginsoc has been known to be wrong about certain picks or
short term price moves and right now he is a little behind on his
biased coin toss.

On Nov 28, 10:48 pm, asdasd sdasd <advantagetennis...@gmail.com>
wrote:


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pop  
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 More options Nov 29 2009, 12:06 pm
From: pop <matthew.arth...@googlemail.com>
Date: Sun, 29 Nov 2009 09:06:26 -0800 (PST)
Local: Sun, Nov 29 2009 12:06 pm
Subject: Re: Stay short on Citi as I've said all along
C has no or very little exposure to Dubai and its exposure to
commercial real-estate is only %3. Unemployment is starting to level
off, and that goes for housing as well. C leads in modifications and
has huge capital reserves. It's also focusing on foreign markets where
all the current growth is. C is a buy anywhere between $4 and $5. Any
dips are merely buying opportunities. I must say: some of you have
very poor analytical skills. FYI. Jerk-offs like piginsoc will never
going away, so just ignore them.

On Nov 29, 4:51 am, jimmy <bass9...@msn.com> wrote:


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piginsoc  
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 More options Nov 29 2009, 10:04 pm
From: piginsoc <pigin...@gmail.com>
Date: Sun, 29 Nov 2009 19:04:32 -0800 (PST)
Local: Sun, Nov 29 2009 10:04 pm
Subject: Re: Stay short on Citi as I've said all along
Um, do you all see that I did not write the article?  You all seem to
blame me for everything.  Go look in the mirror if you want to see
who's to blame for you all losing your ass in Citigroup.  Yourselves
(and A. Ron).  If you listen to me, you make money.

On Nov 29, 12:06 pm, pop <matthew.arth...@googlemail.com> wrote:


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Bijan  
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 More options Nov 29 2009, 10:43 pm
From: Bijan <bijanbehes...@gmail.com>
Date: Sun, 29 Nov 2009 19:43:20 -0800 (PST)
Local: Sun, Nov 29 2009 10:43 pm
Subject: Re: Stay short on Citi as I've said all along
I don't really write much on these boards, mainly because writing on a
mega large cap stock board like C will have no affect on the PPS, and
will only be a waste of the writers time.  With that said, I have been
buying C on every dip for the past several months, why do I not sell?
Because I like the company, I want to own a part of C, I'm not going
to risk selling my stake of a company that is a potential $20+
dividend paying stock within just a year or two.

News comes out every day, sometimes good (Paulson loaded up),
sometimes bad (Arabs are retarded), these news bulletins don't do
anything to the company you own, they only create temporary price
fluctuations which create good buying or selling opportunities (in
this case buying).  Like I said before, I wouldn't sell even if this
stock was at 8 dollars, because I don't care what day traders think
this stock is worth, they obviously have no idea what this company is
about, that's why they are day traders and not investors.  I care
about my personal price target, no one else's.  I do my own research
and decide whether news affects my position on the company.

This is what everyone should be doing, their own HW, their own DD,
making their own decisions.  To come on a board and tell people they
are idiots for investing in a stock (especially when you yourself
recommended a stock who weeks later filed for ch. 11) is just sad, and
a waste of both your time and mine.  I could understand if this was a
10 cent pharma stock that you wanted to pump, but your words have no
effect here and will make you no richer or poorer, so why waste your
time and ours?

In case anyone is interested, my take on this mess:

Dubai news is going to create panic, it already did, we were way
oversold on Friday and may go down more (nobody knows, and anyone who
claims to know is an idiot).  The point is to figure out how the news
will affect YOUR company and whether or not you should buy more
shares.  For example, why are tech stocks going down when a financing
problem hits Dubai? It makes no sense, right?  It's this pervasive
fear that is perpetuated by day traders, nothing more than Mr. Market
doing his thing.  What companies COULD this news potentially hurt?
Well banks of course, so now you have to figure out whether your bank
is exposed to this risk or not.

It is estimated that about 10% of the 12.3 BIllion is exposed to U.S.
Banks.  Assuming Citigroup is exposed to 100% of the US's share we
would have a 12.3 Billion liability on our hands.  Assuming we get
ZERO of this money back, we would be looking at 50 cents a share
damage.  Now, remember, we are assuming Citi is the ONLY U.S. bank
that is exposed (obviously not true) and we are assuming Citi has lost
EVERYTHING they possibly could due to this exposure (absolutely not
true), this means worst case scenario apocalyptic end times situation
we would lose about 50 cents per share.

Wait a minute, we lose 50 cents per share...wouldn't we STILL be
trading under book value?  Right, Citi is a bargain, was a bargain,
still is a bargain, will continue to be a bargain until we're trading
at 1.5 book (or $9 a share).

Good luck all.

On Nov 29, 7:04 pm, piginsoc <pigin...@gmail.com> wrote:


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rancher9  
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 More options Nov 30 2009, 7:22 am
From: rancher9 <Ranch...@ctesc.net>
Date: Mon, 30 Nov 2009 04:22:57 -0800 (PST)
Local: Mon, Nov 30 2009 7:22 am
Subject: Re: Stay short on Citi as I've said all along
piginsoc,

I am impressed! For the first time you have done a little research.
You have posted a source article. Your source article is from a news
outlet not commonly read in the USA. Great digging.

However your track record as an investment advisor is extremely poor.
Are you registered with the SEC as an investment advisor?  If not and
you are offering your advise for a fee you might be in big trouble.

On Nov 29, 9:04 pm, piginsoc <pigin...@gmail.com> wrote:


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End of messages  

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