need a market rally to try and break even like Thursday.
wish I could say I picked them up at the low 12's but I sill feel good about the price.
shorts might cover BIG TIME...look at last Monday's tape
wish me luck
I bought 4,000 shares at $13.28 on Monday
This is a true failure of an American icon. After all, AIG stands for American Int'l Group.
NEW YORK, Sept 15 (Reuters) - New York state's comptroller on Monday called on the Federal Reserve to follow Gov. David Paterson's lead and do its part to help capital-starved insurer American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) avoid a liqudity crisis in order to restore confidence in financial markets.
cash flow works when people aren't overleveraged and book value is irrelevant 1. if your business model is deteroriating then BV is no longer accurate. 2. Bear's BV was over 75 a week before it failed. It's assets weren't worth what they once were
we shall see on Monday.Like I have said...Im NOT on margin and IF this stock goes to 0 I can still provide for my family and life will go on.
someone once said buy low sell high
my time table is not for a fast trade so time is on my side and "IF" this goes to 0 my lifestyle and my family's lifestyle will not change.
but thanks for your thoughts
Unless, of course, some catastrophe, like a hurricane or something, takes out massive amounts of infrastructure someplace where oil is refined like Texas, or something like that.
Unless their investments in the financial sector go screwy, or something like that
Or something like that
You'd better get out as soon as possible. This stock is going to test $10 in no time due to the huge debt in its balance sheet. Pray that you get to sell before the credit rating downgrade, otherwise you are in for a much larger losses! I am not kidding. Your catch today is a falling knife!
Due to the rapid fall there is still tremendous premium in next Fri Calls. Was just looking at the 15's and the 10's. You can buy the stcok here, sell the 10 calls, and be guaranteed a point if it can hold 10 for a week. If you are in at 13.92, you could still be ahead, or sell the 15's and lower your base. I'm not in the stock, just looking and offering.