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American International Group, Inc. Message Board

  • randysandow randysandow Jan 14, 2013 9:48 AM Flag

    Rollercoaster

    How can a company with this many outstanding shares be so volatile? How can you be a long term investor in this under these circumstances?

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    • I dont consider this 'that volatile'

      Maybe it is to someone that's sunk 100,000 dollars into it, and are "all in", like some people on this board. In such a situation, not really surprising they're stressed out over it.

      2010 had some volatile moments, IIRC. DOW would be up 300 points one day, down 400 the next. Made some money on CLX that way. CLX dropped to 64....8 days later it was 70.

      The general trading wisdom generally demands that you dont go "all in" anyway. Buy some chunks on the way down, sell it in chunks on the way up, because it's generally considered the height of arrogance that we're going to be able to determine the absolute top or bottom.

      In my case, I wish I had followed my gut feelings and kept some shares that I bought at 30 or 31 in my trading account. Instead, I wish I had gone "all in" at a low price and held, instead of 32.50, 33.68 and 34.25. Doing better in my IRA: my average is 32.

 
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