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2009 Mar 03 garnet


Guy Blade Guy Blade---09:20:00


Speculation
So earlier today I opened up an investor account through Bank of America. I did this with one specific goal in mind: speculating on the recovery or acquisition of Citibank. Citibank is currently trading at its lowest ever share price, about $1.2/share. I have often thrown money away on silly things (random computer stuff, fuufs, etc), but I haven't yet really gambled any substantial funds away. As such, I've decided to throw a few hundred bucks at this struggling company to see what comes of it. I've been kicking myself ever since I failed to buy Qwest stock during the bursting bubble when it was sub dime, so I figure what the hell. When I inevitably lose my money, I'll probably go back to more conventional investment vehicles, but it will be an interesting experiment nonetheless.

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