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IBDvalueinvestin (98.47)

Financials going Gangbusters in pre-market trading



August 06, 2009 – Comments (1)


Look for RDN to add to yesterday's gains.

1 Comments – Post Your Own

#1) On August 06, 2009 at 8:45 AM, awallejr (34.04) wrote:

Cramer finally got it right about C too.  While the Govt owns 1/3 of the stock that also means they will be holding that 1/3 and not churning it.  I assume they eventually will buyout that 1/3 over time too.  I have been accumulating C for the long term, especially when it goes under $3.  I have also sold puts on it too.  Selling puts lowers your purchase price nicely should you get called to buy, or you get to keep the premium at a nice percentage profit should the stock stay above the strike price.  A win/win play if you think the stock will only but inch up over the time period you chose to play.

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