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I added C today at $3:20 today in my 401k account, and I am planning to hold it for a while. Two thing I can see here: (1) No bankrupcy for C anytime soon. C is safe for now and the US government will do whatever it can to help C; (2) The cost base for the US govement is $3.25 and the it plans to sell C over the next 12-24 months. This tells me that C will be much higher that $3.25 by the time the govement starts to sell. To make a profit, the government will manipulate the stock market and C share price will be much higher. So I beleive it is a good time to load some C with the current price. On one hand, I do not think a big move on C in a short period, but on the other hand, I am positive that C's stock price will be higher in the next 12 months. I see this is a good opportunity.........but I might be wrong...... |
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