Earning announcement on 03/01/10. Estimate is AIG will declare $3.94 loss on 03/01/10. There is no surprise in $3.94 loss as this is already priced in. If AIG can surprise, which it could as last quarter was pretty for lots of banks, then AIG might go 60+. Other things people will be watching is future forecast or any payment of govt loan. Any good progress in this will spark this stock.
I don't like how all of the sudden everyone has become bearish. That's a bad sign and amlost gaurantees an upward bounce. I added my first long position to hedge my short portfolio. BIDU. Lets see if we get a quick upward pop to $500. The way this thing is moving, maybe 700, you just can't tell with techs run wild!!! If China is the next bubble then it has a long way to go and the high fliers of today can reach rediculous levels. As soon as round II of the credit crisis is confirmed I'll take profits and add to short positions. I don't know about the rest of you but it feels like a final bounce with ferocity may be in play. We shall see........HaHa my first long position in three months.... This is crazy
one more time, the company is owned by the Bond holders, the US Gov't 180 Billion. The common stock can trade all over the place but in the end it's worthless. The smart trade is Buy the bonds Sell the stock