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American International Group, Inc. Message Board

  • flyingzorbaman flyingzorbaman Aug 6, 2009 9:22 AM Flag

    This is more than a short squeeze

    Shorts certainly are squirming. But I find it hard to attribute the entire rise to the squeeze. I'm only seeing 16% short interest at end of July. (That's huge, sure, but not as significant relative to the new volume levels.) There could have been a rush to short in early August, but I don't think so.

    I think the majority of this move is due to genuine interest in an important company coming back from the dead. Anybody stupid enough to short when the stock hit $.60 (old valuation) post R/S deserves what they get. The big players have moved in to take it up -- and that should comfort every AIG shareholder.

    This is, indeed, the big one. But it's not just a 'short squeeze.' I think 3Q earnings will justify the pps. New CEO has a great reputation in this business. PPS will only today recover to pre-R/S levels, and the future looks a lot better now than it did in June.

    Yes, my friends, AIG is back.

    Good luck to all, and if you're short, you need to get out of the way.

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