As of right now American International Group, Inc. [[AIG]] is down damn near 100%, this cannot be ignored. AIG is the new leader, what it does the market will do– keep it on your screen.
It was a gift this morning to get out of a few longs where I did. Now I am siting on a hefty cash position along with some [[SRS]] .
Normally I am that guy that buy the dips, however this time I have no intentions.
Trade well, and follow AIG.
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MFC looking very hard at AIG.
@ 3.66 it’s a nice option play, it’s a triple or Chapter 11.
When the margin calls hit, there will be more pain in the market.
Keep C & GE on your screen too. These aren’t nickel & dime stores.
agreed.
Thanks Juice.
The Fidelity Investments’ Magellan fund are huge bag holders of AIG. Good job Harry Lange. Another reason to never buy a mutual fund. 1 billion dollars up in smoke being transfer to the bear hedge funds.
Their Cash Flow sheet has been red for some time.