I’m perfectly content with having a large cash position. No one know what will happen this week. We have a fed meeting tomorrow, a few big names reporting, possible AIG merger, and let’s not forget option expiration this week.
In short, expect some market trickery, and then expect more.
Keep your position sizes small, and always look for your exit before entering your trade.
Note: I nibbled at AIG around $4/share, am I nuts?
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Watch the refiners here, I’m still in TSO.
Big gaps to fill.
GS falling
not nuts, just a little balsy-smart – good risk taker. I think AIG will be “saved”, their Aircraft leasing subsidiary and others can and will be used as collateral which is something Leh did not have, AIG has a lot altho nobody yet want to put a fair price tag on it because in this type of market you really don’t know what is fair – we will see. go AIG long
the “xyz will get saved trade” is over imo.
Expect an Uncle Hank squeeze when he talks, that ahole.
What else are you watching out there Danny?