Wallellaw, thanks for your advice, I'm gonna sell all my AIG stock tomorrow. thanks again!
When the ILFC deal goes thru, that will hurt the stock price, too, right? All that debt that goes OFF the books will hurt the stock, right? all that cash will certainly hurt it, right? And the stock they got in the ILFC deal, there's a loser! I think they lost 2 billion on that, not really sure, cuz I'm a newbie, too. yeah, I'll sell tomorrow, thanks
Sure hold on to your shares and sell at $100 or $45 who cares. All I can see that AIG is pumped up and will take a hit, chances are very high. If the big Funds manipulate sure, AIG can go all the way to $70. But what are the chances of AIG going to $70 may be 5% IMO, what are the chances of AIG going to mid 40s probably 60%-70%.
Looks like you are a newbie. Funds are selling to the retail now, so it would go up now, as soon as the options are all sold and booked with the retail, the price will drop back to mid 40s, Watch and learn. Moreover, P & C is not everything, the market should trust the new CEO and this will all take at least 2 more Qs. Moreover, this is May lot of big funds sell now and come back after summer. I would not touch AIG even with 10 foot pole at these levels especially these levels and also after earnings are out, which they missed. Good luck with your investing.