Thursday, December 17, 2009

Top Stock Offerings in History

The top five secondary stock offerings on record in the US according to CNBC and Dealogic are
  1. $19.3B: Bank of America (BAC charts & Quote)
  2. $17B: Citigroup (C charts & Quote) Today!
  3. $12.65B: Wells Fargo Bank (WFC charts & Quote)
  4. $12.25B: Wells Fargo Bank
  5. $12.2B: General Electric (GE charts & Quote)
One way to get the banks in a single investment is with the exchange traded fund XLF (XLF charts and quote).

I added to my profitable newsletter position in Citi today when it was under $3.20. I sent an email to my subscribers announcing this buy when Citi was at $3.16. My last action before that was to buy shares at $2.95 when it was unclear if Citi would survive. With dividends included, I am on "house money" with Citi meaning that the sum of all my buys less money from selling higher priced shares and dividends is a positive number.

click chart courtesy of stockcharts.com for full size image

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 155% (a double plus another 55%!!) vs. the S&P500 UP at tiny 7.4% vs. NASDAQ Down 0.2% (All through 12/17/09) (More info & FREE Sample)

As of December 10, 2009, "Kirk's Newsletter Explore Portfolio" is up 32% YTD vs. DJIA up 18% YTD

Subscribe NOW and get the December 2009 Issue for FREE! !
(Your 1 year, 12 issue subscription will start with next month's issue.)

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Disclosure:
I own Citi, GE and XLF in my personal account and my "Newsletter Explore portfolio."

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