Tuesday, March 9, 2010

Citi Shares

Recent move was unusual. Anyway, i had 2600unit in hand purchase @ avp 4.2. Purchase price are a bit too high. But dont plan to sell yet. My buy price are similar to what paulsen bought,300million at 3rd quater of 2009. I think the stocks shld be ok as it coming dwn frm 55 dollar till now.

Havent think of what price to sell. It was really an exciting knowing thatJohn Paulsen and recently George Soros had bought in quite a lot

Paulson & Co. reported a stake equal to 506.7 million shares in New York-based Citigroup, up from about 300 million at the end of the third quarter, according to a government filing yesterday. Mindich’s Eton Park Capital Management LP acquired 138 million shares, making the company its largest holding. Soros Fund Management LLC reported 94.7 million shares worth $313.4 million, a filing showed.

We have paulson, fairholme, NWQ, Appaloosa, Eton Park, OZ, third point, jumped or added C last quarter. http://fundville.com/stock/C/CITIGROUP-I...

I think C is going to do well.

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