AIG rally

samwoo2go · 08-27-2009, 11:11 AM

Aig went up almost 40% since yesterday's end of day rally, I don't know what I should do, for the 1st time in almost a year im finally even if I sell, but I don't want to miss the opportunity if this keeps on shooting based on the new CEO and improved relations with Greenberg. What do you guys think?

Sell half now and try to hop back on if it dips? or hold on for the ride?

im about 10K in

Thanks

on 1 hand Im pretty sure this is a giant short squeeze, but on the other hand for the past month, AIG's been uptick on a big gain, then flat ouut, then uptick huge again, then flat out.

I don't know man!!! Urghhhh

samwoo2go · 08-27-2009, 12:01 PM

ended up selling 80% at $49.50 (30% up for the day) if any1 want to know

samwoo2go · 08-27-2009, 12:07 PM

lol well now I have 2K in AIG

why you delete?!

BigDog · 08-27-2009, 12:14 PM

if you can hold it in the red for that long, you need to have the same appetite for risk on the upside....

the old adage.... risk 8 ticks to make 1 tick is not going to get you far is definitely the case here...

TunedM2C · 08-27-2009, 12:46 PM

^Agreed.

samwoo2go · 08-27-2009, 01:06 PM

Quote:

Originally Posted by BigDog

if you can hold it in the red for that long, you need to have the same appetite for risk on the upside....

the old adage.... risk 8 ticks to make 1 tick is not going to get you far is definitely the case here...

ya I know, its just that I don't see this 40% in 24 hours sustainable and I figured most of these is based on the new CEO working with Greenberg, if that fell thru since Greenberg is still being sued I can see how the stock could come tumbling back down. Then I will be back in for more...hopefully
I see what you are saying tho.

MJC///M3 · 08-27-2009, 01:16 PM

sept 50's might be looking pretty right now.......decent vols ...looks like they're being bought up as we speak.

BigDog · 08-27-2009, 02:00 PM

Quote:

Originally Posted by samwoo2go

ya I know, its just that I don't see this 40% in 24 hours sustainable and I figured most of these is based on the new CEO working with Greenberg, if that fell thru since Greenberg is still being sued I can see how the stock could come tumbling back down. Then I will be back in for more...hopefully
I see what you are saying tho.

unless you follow a systematic approach, you're playing a loosing battle....

not only that, but what's the time frame you're looking at? do you invest or do you trade?

you have to be able to take some heat if you want to be profitable...

i'd give up my first born if i could get a trading system that buy's the bid and sells the ask all day

nnnnnnnnnnnnnnnnnnnnnn · 08-27-2009, 03:25 PM

Quote:

Originally Posted by BigDog

i'd give up my first born if i could get a trading system that buy's the bid and sells the ask all day

It is called an employee

jpsum · 08-27-2009, 04:30 PM

my gf made $3000 with this stock, she was asking me the same thing. I told her to sell 50% of it.

MJC///M3 · 08-27-2009, 04:33 PM

Here's a fryken scary lil tidbit...

Sept 60 calls are fetching some big premiums. last bid-offer 2.67/2.70...vols are way up...seems a big number for a contract 12 bucks out of the money.

Dont know boys......might be throwing on a few calls soon.....

anybody feelin' a lil bull run to 75???

BMW_TT · 08-27-2009, 04:58 PM

I've held mine before the reverse split when it was near a dollar.

BMW_TT · 08-27-2009, 05:17 PM

I only have 200 shares now after that split.

jaiman · 08-27-2009, 05:35 PM

Quote:

Originally Posted by MJC///M3

Here's a fryken scary lil tidbit...

Sept 60 calls are fetching some big premiums. last bid-offer 2.67/2.70...vols are way up...seems a big number for a contract 12 bucks out of the money.

Dont know boys......might be throwing on a few calls soon.....

anybody feelin' a lil bull run to 75???

I'd sell the 50 straddle, delta hedge and take the vega.

BMW_TT · 08-28-2009, 11:12 AM

Still moving on up.

gonzo · 08-28-2009, 12:53 PM

Unload @ 95.

Inspired · 08-28-2009, 05:00 PM

I would hold it.. but that's just me with a gambling mentality..

gonzo · 08-28-2009, 06:24 PM

I look at dumping it as a gamble.

Far fetched for it to weaken much below 35-40 range IMO. Then, knocks on table, it will sneak it's way up to 100....

How long before this happens? Only the wizard knows all.

AMER INTL GROUP NEW(NYSE: AIG)
After Hours: 50.30 0.07 (0.14%) 6:10PM EThelp
Last Trade: 50.23
Trade Time: 4:01pm ET
Change: 2.39 (5.00%)
Prev Close: 47.84
Open: 52.98
Bid: N/A
Ask: N/A
1y Target Est: 25.00
Day's Range: 45.55 - 55.90
52wk Range: 6.60 - 493.60
Volume: 130,569,809
Avg Vol (3m): 24,545,600
Market Cap: 6.76B
P/E (ttm): N/A
EPS (ttm): -669.44
Div & Yield: N/A (N/A)

gonzo · 09-01-2009, 12:54 PM

Dropping like a brick.

My call on a low of around 35 is happening sooner rather than later. YiKeS!

WASHINGTON -- Two senior House Republican lawmakers are calling for an audit of the trust set up to manage the government's 80% stake in American International Group Inc., claiming the trustees are free to act against the wishes of U.S. taxpayers and officials.

BMW_TT · 09-01-2009, 01:02 PM

Quote:

Originally Posted by gonzo

I look at dumping it as a gamble.

Far fetched for it to weaken much below 35-40 range IMO. Then, knocks on table, it will sneak it's way up to 100....

How long before this happens? Only the wizard knows all.

AMER INTL GROUP NEW(NYSE: AIG)
After Hours: 50.30 0.07 (0.14%) 6:10PM EThelp
Last Trade: 50.23
Trade Time: 4:01pm ET
Change: 2.39 (5.00%)
Prev Close: 47.84
Open: 52.98
Bid: N/A
Ask: N/A
1y Target Est: 25.00
Day's Range: 45.55 - 55.90
52wk Range: 6.60 - 493.60
Volume: 130,569,809
Avg Vol (3m): 24,545,600
Market Cap: 6.76B
P/E (ttm): N/A
EPS (ttm): -669.44
Div & Yield: N/A (N/A)

Wizard = Reinhardt?

nnnnnnnnnnnnnnnnnnnnnn · 09-01-2009, 07:18 PM

looks like some people took their profit and ran.

blue2fire · 09-01-2009, 11:07 PM

I think something i read somewhere makes most sense: There is no reason to hold AIG.

It isn't even speculative. I'd rather fancy my chances at F before ending here.

08-27-2009, 11:11 AM	#1
samwoo2go Banned 465 Rep 779 Posts Drives: E92 335i Join Date: Sep 2007 Location: SoCal iTrader: (12)	AIG rally Aig went up almost 40% since yesterday's end of day rally, I don't know what I should do, for the 1st time in almost a year im finally even if I sell, but I don't want to miss the opportunity if this keeps on shooting based on the new CEO and improved relations with Greenberg. What do you guys think? Sell half now and try to hop back on if it dips? or hold on for the ride? im about 10K in Thanks on 1 hand Im pretty sure this is a giant short squeeze, but on the other hand for the past month, AIG's been uptick on a big gain, then flat ouut, then uptick huge again, then flat out. I don't know man!!! Urghhhh
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08-27-2009, 12:01 PM	#2
samwoo2go Banned 465 Rep 779 Posts Drives: E92 335i Join Date: Sep 2007 Location: SoCal iTrader: (12)	ended up selling 80% at $49.50 (30% up for the day) if any1 want to know
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08-27-2009, 12:07 PM	#3
samwoo2go Banned 465 Rep 779 Posts Drives: E92 335i Join Date: Sep 2007 Location: SoCal iTrader: (12)	lol well now I have 2K in AIG why you delete?!
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08-27-2009, 12:14 PM	#4
BigDog Major 328 Rep 1,079 Posts Drives: YMB F80 Join Date: Jul 2005 Location: NYC iTrader: (1)	if you can hold it in the red for that long, you need to have the same appetite for risk on the upside.... the old adage.... risk 8 ticks to make 1 tick is not going to get you far is definitely the case here... __________________
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08-27-2009, 12:46 PM	#5
TunedM2C Brigadier General 840 Rep 4,190 Posts Drives: 2016 LBB M2 Join Date: Jan 2008 Location: Earth iTrader: (2)	^Agreed.
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08-27-2009, 01:16 PM	#7
MJC///M3 Colonel 89 Rep 2,323 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	sept 50's might be looking pretty right now.......decent vols ...looks like they're being bought up as we speak. __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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08-27-2009, 04:30 PM	#10
jpsum Major 286 Rep 1,088 Posts Drives: 2010 TSX Join Date: Dec 2008 Location: New Haven area iTrader: (4)	my gf made $3000 with this stock, she was asking me the same thing. I told her to sell 50% of it.
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08-27-2009, 04:33 PM	#11
MJC///M3 Colonel 89 Rep 2,323 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	Here's a fryken scary lil tidbit... Sept 60 calls are fetching some big premiums. last bid-offer 2.67/2.70...vols are way up...seems a big number for a contract 12 bucks out of the money. Dont know boys......might be throwing on a few calls soon..... anybody feelin' a lil bull run to 75??? __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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08-27-2009, 04:58 PM	#12
BMW_TT Colonel 236 Rep 2,547 Posts Drives: E92 335i Join Date: Aug 2007 Location: Dallas, TX iTrader: (4)	I've held mine before the reverse split when it was near a dollar.
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08-27-2009, 05:17 PM	#13
BMW_TT Colonel 236 Rep 2,547 Posts Drives: E92 335i Join Date: Aug 2007 Location: Dallas, TX iTrader: (4)	I only have 200 shares now after that split.
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08-28-2009, 11:12 AM	#15
BMW_TT Colonel 236 Rep 2,547 Posts Drives: E92 335i Join Date: Aug 2007 Location: Dallas, TX iTrader: (4)	Still moving on up.
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08-28-2009, 12:53 PM	#16
gonzo Lieutenant General 10318 Rep 14,443 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	Unload @ 95.
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08-28-2009, 05:00 PM	#17
Inspired Colonel 153 Rep 2,368 Posts Drives: 335i Join Date: Dec 2007 Location: California iTrader: (2)	I would hold it.. but that's just me with a gambling mentality..
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08-28-2009, 06:24 PM	#18
gonzo Lieutenant General 10318 Rep 14,443 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	I look at dumping it as a gamble. Far fetched for it to weaken much below 35-40 range IMO. Then, knocks on table, it will sneak it's way up to 100.... How long before this happens? Only the wizard knows all. AMER INTL GROUP NEW(NYSE: AIG) After Hours: 50.30 0.07 (0.14%) 6:10PM EThelp Last Trade: 50.23 Trade Time: 4:01pm ET Change: 2.39 (5.00%) Prev Close: 47.84 Open: 52.98 Bid: N/A Ask: N/A 1y Target Est: 25.00 Day's Range: 45.55 - 55.90 52wk Range: 6.60 - 493.60 Volume: 130,569,809 Avg Vol (3m): 24,545,600 Market Cap: 6.76B P/E (ttm): N/A EPS (ttm): -669.44 Div & Yield: N/A (N/A)
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09-01-2009, 12:54 PM	#19
gonzo Lieutenant General 10318 Rep 14,443 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	Dropping like a brick. My call on a low of around 35 is happening sooner rather than later. YiKeS! WASHINGTON -- Two senior House Republican lawmakers are calling for an audit of the trust set up to manage the government's 80% stake in American International Group Inc., claiming the trustees are free to act against the wishes of U.S. taxpayers and officials. __________________ Crazy Diamond
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09-01-2009, 07:18 PM	#21
nnnnnnnnnnnnnnnnnnnnnn Lieutenant 112 Rep 465 Posts Drives: 1 Join Date: Jan 2008 Location: 2 iTrader: (0)	looks like some people took their profit and ran.
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