Just picked up some news on C

(Reuters) - Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc shares over the past few weeks, the New York Post reported, citing sources.


Paulson bought around a 2 percent stake in Citigroup, a source told the paper. An investor with a 5 percent or higher stake in a company would have to make a disclosure with the U.S. Securities and Exchange Commission.

Sources told the paper Paulson believes Citigroup's assets are undervalued. A spokesman for Paulson declined to comment to the paper on the hedge-fund manager's investment activities.

Paulson's investment moves are monitored by investors after he predicted the implosion of mortgage markets in 2007 and the collapse of banks and other financial companies in 2008.

A spokesman for the hedge-fund manager was not available to comment.

Wow! Wow! Wow!

AIG is such a funny stock that it jumped 10% higher just because the new CEO reached out to the old CEO for advice. Just because of that???

I have bought C last night and it's moving up now. Good. and hope you didn't miss it. Too bad though is that I did't put in extra in AIG while I was already blogging about it a few weeks ago. This thing always happens...no choice.

I am watching closely AIG now and will get in if it happens to drop down below $40 for a while. Overall, it will up and up until $80, maybe? Who knows. What i know is that you miss the boat now, you will regret!

I am in!

best timing! exactly what i had hoped for: Citi is slightly back down for me to get into it without paying too much. Below $5 is definitely a bargain and end of this week will be >$5 very likely.

Wait for the order to complete then I can talk more on what's next. See ya.

C, move slowly in these 2 days please!

Oh! it's moving and moving and moving up. Almost 5% a day! another 5% tomorrow will pass the $5 dollar mark. Although I am sure it will go higher and higher given the current economic outlook and people are back to be risk-taking vs. risk-averse, my financing is not done yet so I have little to put in until Wed. So what I wish now is that C to move a bit slower until I pour my new money in it.

Why am I so sure on C? Look at their price to book value ratio. it's just 0.22 and look at HSBC (check it out yourself. promise you will have a heart attack.) And you will know how cheap C is and how expensive HSBC is. Even you bought HSBC at HK$33 (lowest in last 52 weeks), you got an extremely expensive banking stock.

If you are even more risk loving than I am, go back to my original favorite: AIG. price to book value @ less than 0.1. Real Deal!

Good luck all (including me)!

buy buy buy

C is going up and up. still believe there is lots of room to go higher. will buy more next week. just hope that it won't go so fast to allow time for me to finance funding. below $5 definitely should accumulate. way to go!

Citigroup

@$4 now and still believe lots of room to go up while AIG is kind of expensive after the explosive increase in the last 2 weeks. C is now returning to profits and with the economic outlook seems optimistic, banks like C will benefit from it. Will collect some more when it goes down mid to high $3 range as I believe some people will take profit at around $4 before another round of up wave. Good luck to everyone!

Did I say it too soon?

AIG stock went up significantly in the last 2 days. now sits at ~$26. 1Q posted >1 billion income. financial sector is coming back strongly in the States. No doubt. My only problem is I am lack of one of the most important things in the world: MONEY! No capital to invest. And no to mentioned I had a week off on vacation and was not be able to watch closely the market movement.

No problem. One thing for sure, more earnings from banks, brokerages are coming and hope that days will not be so packed that I can search for some better ones and make adjustment to my portfolio to capitalize the surging market.