August 06, 2009
– Comments (1)
AIG, AIB, LYG, IRE, WFC, BAC
Look for RDN to add to yesterday's gains.
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.