AIG is falling. Hard.
Down 15% to about USD38

AIG falling hard? not hard enough ler.

My funding still in progress. What I can do today is watch only.. haiya..

Now MBTrading can short C: last week cannot.

How low do you think it'll go?

$20 for this short-term. Remember AIG stock split 1:20 last few months.

20$. Is it really possible for it to get that low? On what basis are you saying that? Do you mind sharing as it would enlighten us more.

Why limit to only AIG and C...why not have a look at other finance companies. The better companies should be the first to go up if things really gets better from here right ?

C buying opportunity is here tonight (-6.8%)... stagger first buy batch.

Because of strong backing from the US goverment. With 80% ownership by US government, AIG is bulletproof for the time being.

Good luck to those wanted to buy any company stock owned by US govt thinking it is bulletproof.

This isn't Malaysia where there is a concept of GLCs. Not I am saying GLCs is good, is just that US govt view of private investors interests are very different from Malaysian view.

This post has been edited by danmooncake: Sep 2 2009, 07:02 AM

its not for long-term investment, AIG is good for super short term.
remember, you can SHORT AIG, what counter you can short, tell me?

If AIG is for super short term, how about C?

Suggest some "GOOD" company. Do u mean JPM?

JP Morgan Chase owned $1 out of $10 currency bills circulated in the system. If US$ crash, JPM down in the toilet. Nothing solid man, everything is risky

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Added on September 2, 2009, 8:36 amC is more towards short term, I'm still positive looking at $6.00-7.00, not $10.

Visit:
thestreet.com
247wallst
thedeal.com
wsj.com

Tons of article discussing/debate/arguing on C. Some eerie article state that 2nd wave of financial collapse is just around the corner.





This post has been edited by zamans98: Sep 2 2009, 08:36 AM

If you like to play short term or "day trading" for financials check out these:

FAS - Bull market Financial 3x
FAZ - Bear market Financial 3x

3x means 3 times the firing power.

You must not have faint of heart when trading those two.

Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is probably the biggest go-to instrument for traders betting against the market because it offers triple-leverage in a bet against the financial stocks in the Russell 1000 Financial Services Index

The ’slightly less bearish’ winner here is the UltraShort Financials ProShares (NYSE: SKF), which offers ‘only’ twice the inverse of the daily performance of the Dow Jones U.S. Financials index.

UltraShort S&P500 ProShares (NYSE: SDS) offers twice the inverse of the daily performance of the S&P 500 Index.

UltraShort Oil & Gas ProShares (NYSE: DUG) that offers twice the inverse of the daily performance of the Dow Jones U.S. Oil & Gas index.

UltraShort Real Estate ProShares (NYSE: SRS) This one offers twice the inverse of the daily performance of the Dow Jones U.S. Real Estate index.

As a reminder, these leverage and inverse-leverage ETF products often do not mirror their index levels.

Watch for FAZ and FAS tomorrow.

DMC - thanks for the ETF list.

I think rather than entering C or AIG, better choice is FAS/FAZ

Yeah, just watch for those two pairs if you're into daytrading financials and if you're into quick profit.
Remember, they're not long term investments because they're very volatile.

If C or BAC moves 1x, they move 3x.

FAZ and FAS is for long or short term?
If short term, how short?

hard to say, you won't know the market reaction will be the coming days. Everyday is unique.

It could be super short term, 1-2 days. FAZ will goes up in BEAR market.

AIG pre-market down, C down, BAC down.. this 3 good enuf to move FAZ.

Bear is coming to town . After Hours: 26.64 Up 0.25 (0.95%) 7:59pm ET

Would september be low generally?

Can't load my bullet fast enough. Hope it can stay low till end september.