C, Buy or No Buy stock pick
The C earnings are very confusing, but one thing has me saying not to buy this one:
“C made earnings by releasing funds they had set aside for bad loans”
Uhhh, what? This is going right back to the non-conservative practice that got them in these mess in the first place. However, as I say this is not a long term stock pick, it is going to be a great stock to day trade over the next few days. If you have a JunoTrade account I am running a wide oscillator of -0.35 for Buy to +0.25 for sell. See Chart of what I mean, you would have caught a nice 0.20 run-up:

October 18th, 2010 by in 



