If you were to pick just one stock this year, what would it be?
My stock pick is Ithaca Energy. I bought it at $2.70 in my TFSA.
Hoping for it to double.
My stock pick is Ithaca Energy. I bought it at $2.70 in my TFSA.
Hoping for it to double.
I totally agreed! I got 40% of my Porfolio in CITI group as well. With our $ getting stronger, it makes Citi Grp one of the best buy. I think it will go up to $6.00 by March.My play of the year is Citi, specifically the Jan2012 5.00 calls. At a min. I think that Citi gets to 6.00 a share by the end of the year leaving me with a 54% rate of return with a possible home run if the stock gets to what I think is possible which is 9 to 12.
A few things work in Citi's favor here.
1) widening margins on interest rates on loans will generate more revenue
2) a recovery seems to be underway in the US which means more willingness for Citi to lend
3) at above 5.00 a share Citi is a stock that can be held by money managers from pension funds to mutual funds increasing demand for the stock
I view this as a reasonable risk with great potential reward and currently hold 140 contracts.
kf1
You have 40% of you portfolio? That is so crazy, I love C but not more then 3-4%I totally agreed! I got 40% of my Porfolio in CITI group as well. With our $ getting stronger, it makes Citi Grp one of the best buy. I think it will go up to $6.00 by March.
That's if it doesn't do a reverse stock split. What then?I totally agreed! I got 40% of my Porfolio in CITI group as well. With our $ getting stronger, it makes Citi Grp one of the best buy. I think it will go up to $6.00 by March.
Yep! I bought it at $4.50 range, I wish it was sooner so I could retire sooner. So far, my picks are doing well except Canada Lithium when I bought it at $1.98. It went up to $2.26 and went back down. I am still holding about 6000 shares as no principal changes. I bought Sprott (SII) at $7.30 and wished I had more of those at that price range but I bought more at $9.45 aiming for $11.00 by April, 2011. I sold POT so early at $145 but you never know with that one. I think Citi group and BAC is under priced at this moment.You have 40% of you portfolio? That is so crazy, I love C but not more then 3-4%
b d
You have 40% of you portfolio? That is so crazy, I love C but not more then 3-4%
b d
Potash is in a mania now, there is no way Potash prices can justify the stock price. Anything to do with Potash is flying due to the BHP situation. But more Potash is coming on the market from other sources as well. Potash is valuable.. but I think valuation is insane now.Yep! I bought it at $4.50 range, I wish it was sooner so I could retire sooner. So far, my picks are doing well except Canada Lithium when I bought it at $1.98. It went up to $2.26 and went back down. I am still holding about 6000 shares as no principal changes. I bought Sprott (SII) at $7.30 and wished I had more of those at that price range but I bought more at $9.45 aiming for $11.00 by April, 2011. I sold POT so early at $145 but you never know with that one. I think Citi group and BAC is under priced at this moment.
LMAO. I sold some of that sucker right after the following became a sensation,Why wouldn't you look at leap like the 5.00 Jan/12 call on Citi ... a little less risk much bigger potential for a big score???
kf1
Potash will be announcing their first quarter earnings on January 27th. My gut tells me that this will be huge. Whether the current price includes the future earnings could be why the price has spiked recently. But if not, I would consider buying and a quick dump after the anouncement.Potash is in a mania now, there is no way Potash prices can justify the stock price. Anything to do with Potash is flying due to the BHP situation. But more Potash is coming on the market from other sources as well. Potash is valuable.. but I think valuation is insane now.
Potash will be announcing their first quarter earnings on January 27th. My gut tells me that this will be huge. Whether the current price includes the future earnings could be why the price has spiked recently. But if not, I would consider buying and a quick dump after the anouncement.
LOL. As a man living a simple life and not very smart, they all sound investment porno or foreign language to me.That was then, this is now. Look I've already said this was risky play but from today I can see at min. 6.00 for Citi based on the reasons I gave in post #3. A lot has changed since 2008. As for protecting capital gains I generaly place puts or in the case of calls move up the ladder. I did that with apple calls leaps last January and made nearly 12,000 per contract and the postition has time to run until Jan22/11 after earnings ... in this case I will buy a puts for the position at 340.00 and wait for the earnings report on Tuesday.
kf1
LOL. As a man living a simple life and not very smart, they all sound investment porno or foreign language to me.
Different stroke for different folks. Maybe it works just fine for you and John LaRue.