Daily musings on stocks…
June 9, 2011 | In: Financial
Citigroup Inc. (NYSE:C) is now trading at $36.81, just $0.60 above the 52 week low. But how low can it go? I think there will be huge support at the $35 level, but if that support is broken, then the stock could go down to $30. But the question is, is...
June 7, 2011 | In: Technology
There are two long awaited IPOs after LinkedIn's: Groupon's and Facebook's. We know that the latter is somewhere in the distant future, but for Groupon, its IPO will be in a matter of months, if not weeks. But how much is Groupon worth in real life?...
June 6, 2011 | In: Financial
BAC (a stock that I loathe and thankfully have stopped trading for a while) is currently trading $10.93, which is just 2 cents above the 52 week low. Will it break this $10.91 barrier today? I think if it does, then there's a huge potential that BAC...
June 6, 2011 | In: Technology
The whole point behind the LinkedIn IPO was not to expand the company, it was about making a few people running this website (I'm saying website because I don't think we should even consider it a business) rich by cashing in. How many investors were...
June 4, 2011 | In: Trivia
After my previous list of one letter stock symbols, I have decided to find which stock has the longest ticker symbol. I thought I'm going to find a stock with 10 characters, something like ABCDEFGHIJ, but I was wrong. The longest ticker symbol for any...
June 3, 2011 | In: General
Facebook's IPO is probably the most awaited IPO of all time. I'm sure that first day's volume will be worth at the very least $2 billion. I have no idea what the price of the share will be, though a $100 is a very likely figure. Now the question on...
June 2, 2011 | In: Lists
I was jogging with a friend of mine yesterday, and we started talking about X (United States Steel Corporation), a stock that I personally believe to be underpriced, and then I thought, how many other stocks have a ticker that consists of only one letter,...
June 1, 2011 | In: Opinion
Buying at IPO is an almost guaranteed way to make money, especially if the company issuing the stock has a sterling reputation (many times you can make money even if the company issuing the stock is losing money!). But holding the stock for a while is a...