AIG

[lacoltfan]

Not sure if this is the right place, but I have invested in AIG at an avg. of 1.20 per share. Just looking for some advice going forward. Any help is appreciated!

[JV_Picker]

Not sure if this is the right place, but I have invested in AIG at an avg. of 1.20 per share. Just looking for some advice going forward. Any help is appreciated!

The firm ***lost*** $61 BILLION LAST QUARTER!!! The ONLY reason AIG is in operation is because of government infusions. AIG CANNOT BE CLASSIFIED AS AS AN "INVESTMENT" IN ANY FORM OR DEFINITION THAT YOU MIGHT THINK OF.

If I had an interest in the stock, I'd do quick trades simply to gain profit off the minute-by-minute swings in the market. Actions reserved for speculative or penny stocks.

[MoreYummy]

You had many chances to sell it for profit in last few days...

I dont think it will be stable soon.

[Bolimomo]

Frankly I don't know why AIG is still "in business". Except to blackmail the US government a little more and get more and more bailout money to distribute as "you have done a good job" bonuses among the "executives".

I like Enron better. At least when they folded, they really folded. Not having the government extend them an oxygen mask.

[Hondaboy]

You had many chances to sell it for profit in last few days...

I dont think it will be stable soon.

:dito:

[shulink]

It is a very volatile stock and trading primary on news, I think you should sell it.

[Flyboy]

Frankly I don't know why AIG is still "in business". .

Let me enlighten you...they are the worlds largest insurer. For instance, should they cease to exist immediately, all airlines around the world along with most corporate flight dept (not all) would cease to fly. A good many airports would lack the appropriate insurance coverage to remain operational. Almost all municipality would come to an abrupt stop giving the fact that AIG and it's subsidiaries issue the bonding necessary for most companies to perform their work. I can go on and on, but you get the gist.


Don't get me wrong, I 'm not liking tossing good money after bad, but I do believe the alternative would be much worse..then again, if you're a short trader, this would be nirvana;)

[lacoltfan]

Thanks for the replies, do you think I should atleast hold until after the m2m announcement coming possibly this thursday? Do you think this may atleast give this stock a temporary bounce that I could sell on?

Mickele

[ZaNoob]

m2m is most likely already priced in
Geithner asking for powers to unwind companies would make be very scared of holding anything shaky. If AIG is split apart then it could come out with some very nice pieces.

[lacoltfan]

Sorry Im pretty new at this, if aig is split apart, are shareholders wiped out?

[Blood De]

Let me enlighten you...they are the worlds largest insurer. For instance, should they cease to exist immediately, all airlines around the world along with most corporate flight dept (not all) would cease to fly. A good many airports would lack the appropriate insurance coverage to remain operational. Almost all municipality would come to an abrupt stop giving the fact that AIG and it's subsidiaries issue the bonding necessary for most companies to perform their work. I can go on and on, but you get the gist.


Don't get me wrong, I 'm not liking tossing good money after bad, but I do believe the alternative would be much worse..then again, if you're a short trader, this would be nirvana;)

You're gonna look at me as naive for saying this but I can't help it. They can all buy insurance elsewhere like the rest of us.

There's some strange fallacy being passed around that demand goes away with the failure of a supplier. Someone will always rise and take it's place.

Personally, I think it's more likely that they (AIG) aren't allowed to fail because of their retirement accounts. But simply put, I see all politics and political decisions as pretty damn corrupt at the moment.

Let em fail... let 'em all fail imho. The real demand won't change.

[Hondaboy]

You're gonna look at me as naive for saying this but I can't help it. They can all buy insurance elsewhere like the rest of us.

There's some strange fallacy being passed around that demand goes away with the failure of a supplier. Someone will always rise and take it's place.

Personally, I think it's more likely that they (AIG) aren't allowed to fail because of their retirement accounts. But simply put, I see all politics and political decisions as pretty damn corrupt at the moment.

Let em fail... let 'em all fail imho. The real demand won't change.

Everyone thinks different. Never be afraid to speak your mind :proud:

[pedrom727]

Common Equity will always take the first losses, the only reason AIG still trades is that it's being buoyed by the US Government temporarily. Its stock price essentially means it's a perpetual option with a very low probability of ever being worth anything. AIG should not be considered an investment, I can't tell you how many people I've seen get whiped out buying $1 stocks because they thought they were cheap.

[yoyomama]

Common Equity will always take the first losses, the only reason AIG still trades is that it's being buoyed by the US Government temporarily. Its stock price essentially means it's a perpetual option with a very low probability of ever being worth anything. AIG should not be considered an investment, I can't tell you how many people I've seen get whiped out buying $1 stocks because they thought they were cheap.
You think the same future for C?

[lacoltfan]

I would be interested to know everyones thoughts on citi as well.