We were bitten by the toxic unit. I thought it was behind us when they got current with the mortgages. Now it's the credit card unit. There's no real issue here in terms of the company having financial problems, but Wall Street hates to see uncertainty. I didn't buy any yet, but I have an order in.
AIG got $650M from BAC. Expectations are for a favorable settlement. question is: how much will ORI get?
You' re right about uncertainty. No one likes that. So, now that the bottom resistance did not hold, where is the next bottom? Hard to catch a falling knife, good luck.