Hey, are you late to the party? The market in general has been rigged for well over a year. Just find one that is volatile and trade in and out. AIG has made money for many of us. Who are we to examine the dental work of a gift horse? LOL
Yes it is proven and proven agin that this stock makes yoiu money when you trade it as a trader...all stock are POS never forget that ...just like your girlfriend she loves you today but will be on her back with your best friend a week from Tuesday...
Yes,great show last night on PBS on how people invest. Basically, the whole stock market is one big mix up of rational investors, irrational investors, manipulations, emotion, cold calculations, and fraud. Good luck to us all little investors.
I agree. We are just along for the ride. Factors that are influencing this stock are way beyond our control with the big guys. It's amusing how people think posting BS here is going to change anything as if the movers and shakers are sitting at their computers just waiting for the next piece of advice to come out of this blog...but it's got some comic relief.
Yesterday was the perfect storm...Greece, Goldman and a downgrade from a nearly unknown. AIG needed a correction to get rid of the chaff albiet this was a big one. There is a lot of longs in short clothing here and it is best they get out. They've forgotten the meaning of long. A lot of other people needed this drop to get into market. They're fresh and will stick with it. This would be a great cost averaging opportunity if you bought in above this level.
P.S. Don't believe anything you here on this blog...lots of BS on both sides but there are some good links to valuable information.