the highs for the year, ( or at least for many months).
It is obvious now that last weeks action was a classic example of institutions wanting to sell their positions in AIG , and using every means to pump the stock up to sell as the highest price they could get , for as many shares as they could sell high, and then to sell even at lower prices to cut their exposure.
It is clear that AIG is not so undervalued as the paid pumpers want you to believe. The ridiculous targets pushed on this board are unrealistic and simply not going to happen, (certainly not in the time frame mentioned by the pumpers).
I just hope it holds $42 by june option expiration and holds $40 in the fall.
Benmoche on CNBC said hedge funds sold a lot of their shares over the past few months. I took a chance and doubled down in MAR when there was a big dip. I think you are going to be wrong because I think a lot of mutual funds requiring income in order to invest will now want to show AIG in their portfolio before end of AUG for a large number of funds and end of SEP for many others.... I think you get upward before you get some settling in..
This report was a genuine surprise. Everyone thought divvy restoration was directly correlated to the China sale.... now with the possibility of IPO assuming Chinese fall out of purchase it may turn out to be a big win win for AIG to IPO the airplane leasing op and then spin it.