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-   -   AIG is on fire! (https://gfy.com/showthread.php?t=925332)

webair 09-02-2009 09:40 AM

AIG is on fire!
 
These are the times to create wealth!

DamageX 09-02-2009 09:41 AM

Out of thin air, yep.

HomerSimpson 09-02-2009 10:02 AM

winter is near by
bears are going to winter sleep
bulls are getting ready to take over

xxweekxx 09-02-2009 10:02 AM

u mean buy or sell?

webair 09-02-2009 10:08 AM

Quote:

Originally Posted by xxweekxx (Post 16267060)
u mean buy or sell?

Tough question at this point its already up A LOT, but could go way higher. Do some research. I like HIG as well.

At your own risk =)

kristin 09-02-2009 10:18 AM

Oh good, all the execs will get dividend payouts again. Well done AIG.

Vendot 09-02-2009 10:19 AM

How low was AIG at the bottom?

People dreamed about buying in but never took action :1orglaugh

Semi-Retired-Dave 09-02-2009 10:57 AM

It's been a crazy ride. Don't put your eggs in one Government Basket. This could be good and bad.

Tom_PM 09-02-2009 11:00 AM

I thought this was related to the LA wildfires. I wasn't quite sure how to feel. Good luck.

art914 09-02-2009 11:04 AM

yeah...amazing how it went from $6 to over $50 within a few months..

Kard63 09-02-2009 11:07 AM

You should already be entirely out.
Put 20% back in at S&P 962
15% more at S&P 952
15% more at S&P 942

from there it will probably go back up and you'll have 50% cash but if it doesn't:

10% more at S&P 922
10% more at S&P 902

Kard63 09-02-2009 11:12 AM

Hey hey hey people, don't forget there was a reverse stock split. When AIG was $2 it did a 20-to-1 reverse stock split. So you owned 1/20th as many shares but each share was worth 20 times more. From there it dropped to $9, then shot up to $50, plummeted to $35 over the last few days, and is up $3 a share for today to put it at $39.

96ukssob 09-02-2009 11:13 AM

its up 8.75% today.

damn, still wish I would of got my funds in time to scottrade to buy it at $7 :mad:

shageman 09-02-2009 12:48 PM

Yea the reverse stock split sucked some fucking balls thou

Houdini 09-02-2009 12:58 PM

Quote:

Originally Posted by Kard63 (Post 16267438)
Hey hey hey people, don't forget there was a reverse stock split. When AIG was $2 it did a 20-to-1 reverse stock split. So you owned 1/20th as many shares but each share was worth 20 times more. From there it dropped to $9, then shot up to $50, plummeted to $35 over the last few days, and is up $3 a share for today to put it at $39.

Yeah, adjusted for the 20-1 stock split, the stock at $37.71, where it is at this moment, is equivalent to $1.88. Funny, how those reverse stock splits get people excited with the big numbers. I guess that's the point of doing it lol

$180 billion owed to the gov. They have a $6 billion market cap.

Disclosure: I have puts.

DWB 09-02-2009 01:15 PM

You didn't see this coming? This shit was planned from the get-go.

gecko 09-02-2009 11:51 PM

Wish I got in on the early ride :(

tiger 09-03-2009 01:35 AM

Quote:

Originally Posted by shageman (Post 16267913)
Yea the reverse stock split sucked some fucking balls thou

Very true but that is what has caused this short squeeze.

If you are playing this stock short term you are late to the party. If you are thinking of holding for years you can buy on the dips.

okny 09-03-2009 01:52 AM

Fuck AIG and good luck to all you buyers out there dont complain when you take a hit a few weeks down the road...

dirkpeddler 09-03-2009 02:34 AM

Quote:

Originally Posted by art914 (Post 16267402)
yeah...amazing how it went from $6 to over $50 within a few months..

You mean how it went from over $ 600 (using reverse split converted amounts) to now $39?
Or how it went from $ 22 to $ 55 and now to $ 39? 100% of nothing is still nothing.

Sausage 09-03-2009 03:05 AM

heheh .... this is gonna be fun to watch ;)

VeriSexy 09-03-2009 09:15 PM

Still kicking myself

dodger21 09-04-2009 12:51 AM

i sold i got out!!! made a fucking killing


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