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American International Group, Inc. Message Board

  • uws.nyc45 uws.nyc45 Oct 18, 2012 7:09 PM Flag

    Another 52 week High on a "down" day

    where have the bashers, the clowns and the combined ratio accountants gone? i am only puzzled on why it too the market to see what i say 15 months ago. but lessons learned along the way. do your homework, make your bet and don't watch the market as it over-reacts to paranoia. like gov't overhang was a big deal for 10 year warrants. crazy, man, crazy. buying opportunity of a lifetime at $5 warrants. but dollar cost averaging works during panic. or it's working so far : )

    Sentiment: Strong Buy

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    • Yeah, I remember your buying - cos I bought a little later as well...

      The recent run is VERY impressive. New highs each day, then they sell it down, and the next day it makes a new high...

      I think people are trying to short with the hope they buyback in the placement in Nov/Dec, but others are now buying in hard enough so that strategy is too painful -- and shorters having to buy back higher just pushes the spiral onwards and upwards.

      I think we take a break at some point, but I am curious whether we break $40 before earnings on Nov 1st -- I think there is a chance we do.

      How to play this last placement is not at all clear to me -- do we see another dip after the government is finally out but people flip their shares? Or will we see a continuing kick higher as people buy in cos gov is out? I am tending towards the latter, but I will have some cash ready to buy that dip...

      Any thoughts on where the placement might take us and why? Best, patch

      Sentiment: Strong Buy

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