Sometimes the weather just isn't on your side. I'm going through a divorce right now, so it may be a blessing that AIG stays artificially depressed for the next few weeks anyway. I still don't like watching it fall though.
down market and a friday. everything is down. buying opportunity ahead of earnings. a divorce is hard. sticking w. AIG is easy. no reasons to worry. the market is so fickle -- worries about gov't over hand all year and now worry about no gov't owner ship and yes, aig will be a buyer of some of the shares. all good but a down day.
Indeed, -- just *happens* to be Oct option expiration. They kill it every time. I have been selling out of my calls on Tuesdays or Wednesdays to avoid... Buying opp is nice today.
Do not know which way the placement will go, some hedgies are shorting the common in the belief they can buy back muhc lower in the government placement. We will see whether they get burned net week, cos AIG has been moving higher relentlessly...
Moves up fast, moves down fast, but the trend is your friend if you are long. Best, Patch