The Tycoon Report

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20. Geno (1 year ago) Is this Spam?

    I have been following Tycoon for about 18 months and I am very happy with all the information and research I get for free. I almost bought CITI back in January, but for I decided to wait just two weeks to make sure that the trend will reverse. The rally that CITI had was a bear rally, then it went down again. I am waiting for the earnings annoucement on April 19th, and I am probably going to get long in CITI.
    
    
    
    Now the question is: How low can it go before it reverses?
    
    
    
    I believe another 20-30%...

19. E. (1 year ago) Is this Spam?

    Smith Barney has been my brokerage house for 25 years. Citi Group took it over about 5 years ago.
    
    Please comment on whether I should remove some of my holdings through Smith BarneyCiti Group to another company for diversification since Citi Group seems to be overextended. I do have concerns...more than 1 l/2 million equity stocks and bonds are involved. I use both a money manager and a regular advisor, each in different offices in different states. from the SmithBarneyCitiGroup offices.
    
    
    
    . While I am in my 70's...I am a go getter, just getting ready to finance a new business with other funds. and holdings.
    
    
    
    Please comment and discuss what strategy I should take. Thank you.
    
    
    
    Enjoy the Tycoon Report very much....
    
    
    
    Palm Springs, California....
    
    
    
    ..

18. vj (1 year ago) Is this Spam?

    I hope you are correct. But at the moment there are to many negative news about citi. I dont know what they are going to do about dividend for next upcoming date. only time can tell us.

17. jester112358 (1 year ago) Is this Spam?

    It seems very difficult to value CITI shares since its future income stream is very doubtful. They have a lot of financial derivatives such as SIVS and CDS which may have no market. These are currently held off-book, but will have to be recognized in future quarters.
    
    
    
    I view all the money center banks as poor investments when one can own companies with much more favorable supply/demand situations and thus lower risk which produce oil, metals, and other commodities which are finite supply. Unfortunately, money, which banks supply via loans isn't in short supply due to the continuing rate cuts and devaluation of the dollar.

16. KJ (1 year ago) Is this Spam?

    For newbie out there. Be very skeptical of the folks here in The Tycoon Report. There're positives and negatives but I want to point out the negatives here.
    
    
    
    Think about their motive - they want to sell newsletters and products. I don't know if it's for the money or ego or whatever, but it's apparent that they want to sell you stuff.
    
    
    
    This guy Jason routinely claim his performance by assuming you sell at the top. If the stock price ever go higher than his recommended price it becomes his winner.
    
    
    
    He doesn't like to talk about risk and downside. He cares more about his track record than you so he averages down again and again to lower his paper basis and ask you to throw more of your hard earned money into it. Don't do it. He can do it because he can average down again and again without putting in money but you can't. In this particular article alone it shows that he doesn't care about you and your hard earned money.
    
    
    
    I'm not saying he's a bad person but when you have other motive on top of trying to help people you end up hurting people.

15. Brenda (1 year ago) Is this Spam?

    I am surprised at this recommendation. I will say that I followed your advice on CVS using long term calls and doubled my money. And a really big thanks for that one! However I did not buy C when you first recommended it as, even as a novice trader, I felt that the situation with most financial stocks was very poor. I felt that the subprime mess was not close to being over and there was and is a very good chance that we were not being told the truth. It would not surprise me to hear of further write downs. I know a lot of readers understand balance sheets and how to look up different ways to see if C is in good standing. I always enjoy and learn from these members comments and research. One thing I have learned is to see the bigger picture and listen to my 'gut'. Which told me to stay away. I love the Tycoon Report and especially Jason's articles, though I am disappointed with this call. A lot of us are learning and do not have big accounts to trade with. While C may turn out to be a long term winner, I feel that now is not the time to buy and tie up money that could be used elsewhere in a much safer trade. With CVS, you could see the fundamentals and the technical picture was good. I don't see any of this with C. There have been many articles about 'don't try and catch a falling knife'. C looks like a falling chain saw! And no one knows what further bad news is coming. I sure hope (that four letter trading word 'hope')you are right on this one Jason because normally I would trade anything you recommend. That is a lot of pressure on you for sure! But I think I will paper trade this one. And I think that is what everyone has to remember...do what is right for you..

14. Morris (1 year ago) Is this Spam?

    sooner or later you will be right on "C"..seems to me that you should wait until it starts to go up to buy it. the 30% decline, from the first purchase, needs to appreciate 40% to get even. How is that so smart. do you have a lot of 40% gainers??? when they are wrong "Smart" investors cut their losses and save their capital. dollar cost avg. is for, well I don't know who, in a bear mkt. when you are as wrong as you have been wouldn't it be better to sit back and wait for a upturn instead of guessing about buy entrees??? having all the answers does not make a person a good investor. Making money is the measurement. Mo

13. Alexander H (1 year ago) Is this Spam?

    I have posted this time and again, whenever I am reading these "Buy more Citigroup" articles:
    
    
    
    Why the rush to buy this thing? NO, absolutely NO, technical indicator is showing any improvement and the fundamental situation looks quite questionable as well.
    
    
    
    It is relatively easy for a newsletter author to continuously recommend averaging down until the final price is actually met and things might go up again. But who tells you everybody can duplicate that? It is not like your readers are the FED and can pump money such as they would like...
    
    
    
    I really respect your advice, Jason. In the past, you have done a tremendous job.
    
    
    
    However, I still believe that what you are doing here is in direct opposition to your great past work and should not be done at all the way you are doing it.
    
    
    
    I know it is Teeka's quote, but where has the "Let the game come to you" attitude gone?
    
    
    
    In my opinion, this deserves criticism. Not because your advice is contrarian (I like that!), but because you are - in my humble opinion - unneccesarily rushing this and thereby increasing risk and reducing potential profits of this trade for no apparent reasons (at least I cannot see it). This confuses me and does not look very professional to me.

12. Helmut (1 year ago) Is this Spam?

    You want proof? Take a look at http://www.federalreserve.gov/releases/h3/Current/
    
    
    
    You will see that, on 13 February 2008, the reserves of depository institutions stood at $42,093 million, of which minus $18,008 was non-borrowed, i.e. depository institutions borrowed $60.1 billion from the Federal Reserve to cover $42 billion of statutory reserves.
    
    
    
    In November 2007, reserves were $42,646 million, of which $42,281 million was non-borrowed. That should be the normal state.
    
    
    
    Between November 2007 and 13 February 2008 the depository institutions went from plus $42.6 billion to minus $60.1 billion. Where has that $102.7 billion gone?

11. Helmut (1 year ago) Is this Spam?

    What is C's equity to assets ratio? Is it the average of all banks, approximately 10%? Then consider that the assets comprise loans, shares and property, all of which have lost more than 10% in value. In other words, C has wiped out its equity and part of its depositors funds. Its "book value" is negative!

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