♥♥♥
Thursday, April 8, 2010
7:51 AM
I am so nervous! We've been talking about this for quite sometime and the US stock market is driving me nuts!

READ
"The US Treasury Department on Monday announced it would sell its multi-billion-dollar stake in Citigroup this year, in what would be one of the largest stock sales in history...... But amid continued market jitters, the Treasury said its sell-off would be gradual. A quick unloading of the stock could flood the market, diluting the value of the firm"

Yes, citi's share price will definitely drop (yes am hoping to use this opportunity to buy 1 lot!!!). But at the same time, i do not want the sale of the shares (from US government) to dilute the value of the share. If that happens, it will take quite some time for it to rise again. From historical prices, it'll take around 1-2 years for it to rise above 10. My goodness! I consulted my broker just now and she said i should wait for the government to sell off all of the shares. my goodness, waiting for them to sell off everything is like waiting for the cows to come home!! CEPATLAH JUAL!

All of my collegues speculated that the share price will drop momentarily coz when that happens, people will definitely start trading. same sentiment! Great mind thinks alike. well let's just wait and see.


; Honey Crumbs