Last night stock price merely moved, almost felt asleep.
Now portfolio a llittle greener.
Eventually S was testing 3.37. If it goes beyond 3.40, I may reap the profit.
Decent move for MGM (testing 10.67, end up 10.53), just need another good news to move upwards.
means FAIR Value for AIG should be USD1.00 or penny stock?
AIG still can sustain with more than USD 10 - 20 with this hit, since it gives valid reason for the loss (restructuring whatever).
One more 8 billion will drive it somewhere to penny stock..
In fact, AIG itself is a "brand" that cost some money.. It can stay > USD20 because of "too big to fail" theory.
If you still remember, AIG grows a lot beginning of the week, it is actually a trap set by insiders to unload their stocks.
Now, what AIG suffers now is a fundamental analysis problem. Unless you read their financial report, it is very hard to convince people to enter.
We need an FA fan to discuss this AIG..

Just unfair, STEC is making money (as estimated by W.Street projection) and the share price plunged 28% due to lower future growth
I would say STEC is a money making company (making flash drives). Unless there are insiders' news for this dip.
The book value is USD 5 but it makes USD 1++ per shares every year. But will have to wait a while for the stock to grow up again.
Added on February 27, 2010, 10:29 amI did a FA on S, and found that the company may be undervalued.
The book value for each share should be USD 9 while the company has good cash flow.
The only drawback is the company has continued to loss for one or two years.
if next report shows earning, the stock price will rally.. It has rumours that Buflet is bying it right?
This post has been edited by epalbee3: Feb 27 2010, 10:29 AM