August Stock Discussion

C also moving on some huge volume, will pass 1B shares traded, up 9%.

I dont know what is moving these but the dough/volume is behind it for sure.

They cannot keep this market down, was almost -100 and they bring it back.

Notice that the NAZ not so much, also the SPX, but the DOW they are, which means the financials are cooking again.

 As for C the rumor is that John Paulson is buying shares of it...and others are jumping on board due to that...

John Paulson has been buying shares of Citigroup (NYSE:C) in recent weeks, amounting to about a 2% stake, expecting shares to rise to its book value of $5 to $7, according to a New York Post report that cites unnamed sources.

I saw that regarding Paulson, isnt that pretty old news? Meaning I think he did that already.

It doesnt take much to spook shorts though.

The mania action lately reminds me of serious froth..but one thing is for sure, they arent ready to sell the market yet.

They just cannot keep the market down, I bet the SPX finishes green again.

Well with insiders trying to pick up all the outstanding shares, this one is headed for buyout / merger town. Will get a premium higher then what it closed at today, that's for sure. Renaissance Technologies is loading up on this angle right now too. Insiders are trying to get their hands on Credit Suisse's shares. GL

Well they did a 1 for 10 RS last year, so pre-split the stock is 30 cents.

Given the ultra small float and cash position, I think they could go higher.

Margins are negative, they are burning cash, I wonder how locked in they are with fuel prices.

Only 15.5M shares out, fundie holding isnt very high with only 3 M shares being held by larger players.

Also looks like CS was selling on the lows recently-

link

CS sold 750k shares since May at horrible prices.

Owning the Airlines just might be the worst sector out there.    There is just way too much capacity, and the industry is way too levered to the price of oil.   It's amazing how many of these names have filed for Chapter 11 BK... and not once, but multiple times.


Buyer beware when you invest/trade in this sector.

The last quote may be axiomatic I suppose, but it sends shivers up my spine...

BEIJING (Reuters) – China Investment Corp is investing as much overseas each month this year as it did in all of 2008, Lou Jiwei, the chairman of the $298 billion sovereign wealth fund, said on Saturday.

CIC is counting on handsome returns this year and might one day ask the government to hand it more of the country's record hoard of foreign reserves to manage, Lou, a former vice finance minister, said.

The fund invested just $4.8 billion outside China last year as it kept its powder dry during the global financial crisis, when asset prices tumbled. It held fully 87.4 percent of its overseas investments in cash or cash equivalents.

Now that markets are recovering, CIC is constructing a broad-based portfolio, Lou told reporters on the sidelines of a forum organized by the Washington-based Brookings Institution and the Chinese Economists 50 Forum, a Beijing think-tank.

CIC posted a negative 2.1 percent return on its global investment portfolio last year as the value of stakes such as those in Wall Street bank Morgan Stanley (MS.N) and private equity giant Blackstone Group (BX.N) slumped.

But Lou said 2009 was shaping up better.

"It will not be too bad this year. Both China and America are addressing bubbles by creating more bubbles and we're just taking advantage of that. So we can't lose," he said.