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yes I am...bought more at .24 in fact
bought more at .24 let the games begin!
Look at KERX early in the AM - Its got spiking potential in my own personal opinion. do you own due dilligence.
http://investorshub.advfn.com/boards/board.aspx?board_id=4093
in at .41
AIG IS NOW 1.95
just hit 1.93
back in at 1.84
nice floor developing... up from today!
ABK in 2.23
Out 2.53
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Stock: your call on ABK was awesome. In this morning at 2.23
Thanks for all your dedicated work on the charts!
ABK is a good stock and will bounce back, I look for good things from this company and the new administration will help it out!
anyone expect decent earnings to be announced after the bell?
3.00 By Friday....BASED ON WHAT?
HOD 2.19
to da moon! here we come
I stand corrected..1.91 now - did you see the 2,754,800 trade at 16:04? wonder if it was a buy or a sell?
aig is already at 1.91 in after hours trading
final shake before the strong close
1.87 new HOD - let the games begin!
AIG rocket coming soon...shorties beware!
AIG 1.75 and Gapping
Prudential PLC (PUK Quote - Cramer on PUK - Stock Picks), whose CEO, Mark Tucker, indicated an interest in certain assets of AIG, has kept quiet recently about the possibility of a purchase. Now, MetLife (MET Quote - Cramer on MET - Stock Picks) is thought to have emerged as a possible suitor.
This is Great NEWS!!! IMHO
Watch For a GAP tommorow!
research: here is the answer you are looking for for large after hour AIG trades...
16:18 $ 1.62 592,200
16:18 $ 1.62 100
16:18 $ 1.62 1,000
16:18 $ 1.63 700
16:18 $ 1.62 1,900
16:18 $ 1.62 500
16:18 $ 1.62 2,600
16:16 $ 1.62 600
16:16 $ 1.63 255
16:16 $ 1.63 247
16:16 $ 1.63 247
16:15 $ 1.62 1,776,000
what is this fast drop that is happening now? 5 minutes ago it was 1.70 now its 1.5 !!!
true...I expected the market to tank today. its holding up surprisingly well IMHO
nice opening shake by the MM's on AIG. down to 1.63 and now its 1.74 and rising
Nice after hours trade at 16:31 could it be the shorts covering????
16:31 $ 1.83 1,113,948
16:31 $ 1.79 250
16:30 $ 1.79 1,000
16:29 $ 1.78 1,000
16:29 $ 1.79 600
16:29 $ 1.79 1,700
16:29 $ 1.79 400
16:28 $ 1.79 100
16:27 $ 1.79 4,500
16:27 $ 1.78 536
16:27 $ 1.78 564
16:26 $ 1.78 500
16:26 $ 1.78 200
16:26 $ 1.79 4,500
16:25 $ 1.78 331
16:25 $ 1.78 2,000
16:25 $ 1.78 300
16:25 $ 1.78 169
16:25 $ 1.78 3,633
16:25 $ 1.78 131
16:24 $ 1.78 300
16:23 $ 1.79 500
16:23 $ 1.78 1,767
16:22 $ 1.78 1,233
16:21 $ 1.77 1,192
16:21 $ 1.78 300
16:21 $ 1.78 200
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This could be the best short sale cover play of the year
congrats to all who stayed the course...I cant wait til tommorow! HUGE GAP UP! SHORTS BEWARE!!!!
currently 1.68 - nice gap this morning.~
Plan Could Push Insurers Into Mergers
--------------------------------------------------------------------------------
More Corporate Lending Also Could Be Sparked Under the Government's Rescue Program
If the Treasury Department's capital-infusion program for the banking sector expands to insurers, industry consolidation may follow.
Some of the life insurers whose names have emerged as supportive of a widening of the Treasury's $700 billion rescue program, the possibility of which emerged Friday, are considered by ratings firms to be financially healthy and capable of acquisitions. One is New York-based MetLife Inc. Industry analysts say it could be a contender to acquire at least some of the U.S. life-insurance operations of American International Group Inc.
The financial-services conglomerate has said it is trying to sell business units, including these and part of its foreign life-insurance operations, to pay back an $85 billion rescue loan it received last month from the federal government in exchange an 80% equity stake. That rescue, by the Federal Reserve, is separate from the $700 billion Treasury program.
Raising large sums of money for acquisitions is a tough challenge for any financial company right now, with credit markets still tight and stocks beaten down. Analysts say the infusion of low-cost government capital into a potential acquirer could prove crucial for AIG's efforts to strike deals in the months ahead.
A MetLife spokesman said the company wouldn't comment on any potential acquisition plans. An AIG spokesman said: "AIG is moving forward aggressively with its plan to permanently resolve its liquidity problems, sell a number of our world-class businesses and repay the Fed loan. We also continue to evaluate other possible options to restore AIG as a healthy competitor." He declined to elaborate.
Banking-industry analysts interpreted Friday's announcement that PNC Financial Services Group Inc. has agreed to acquire National City Corp. as an indication that the government is using the rescue plan as ammunition to push weak banks into the arms of strong ones. PNC will sell $7.7 billion of preferred shares and warrants to the Treasury Department to finance the stock-and-cash deal.
Colin Devine, a stock analyst at Citigroup Global Markets, said in a note to clients Monday that he anticipates "a wave of M&A activity" among life insurers, with Treasury infusions taking "the form of facilitated deal financing such as" PNC will receive. He rates MetLife a top pick, saying it has a strong capital position and is "uniquely situated" to acquire U.S. units from AIG. MetLife shares rose 3 cents, or 0.11%, to $26.21 Monday.
Meanwhile, Evan Greenberg, chairman of trade group American Insurance Association, said a substantial majority of AIA's members "do not support the inclusion of property-casualty insurers" in the Treasury program and wouldn't participate if it becomes available. Mr. Greenberg, chairman of ACE Group, said AIA members are "well-capitalized." Members include Chubb Corp., Travelers Cos. and W. R. Berkley Corp. Property-casualty carriers tend to have more-liquid investments than life insurers, and their core businesses aren't as volatile as the overall economy because cars, homes and businesses continue to be insured.
One goal of any potential expansion of the Treasury program appears to be trying to ramp up the insurance industry's role as a lender.
On Sunday, New York Life Insurance Co., one of the highest-rated insurers in the U.S., said that Treasury officials recently asked it and others in the life-insurance industry "for help in developing solutions for strengthening the financial system. We agreed to work with other industry leaders and Treasury so we could play a constructive role in helping shape this important discussion." The insurer, which is mutually owned, doesn't require additional capital and hasn't made any decision to accept capital, if offered, a spokesman said.
for those of you who do not know what MOASS is....It means Mother Of All Short Squeezes
why else woulds the MM's walk this stock down so quick. I smell whale Crap around this stock. Whales will drive this back to 2.50-3.75 real quick and effortless IMHO.
1.40
Last Trade -0.30(-17.65%)
Change Today
* 46,967,706
Volume 10:58:27 AM
Trade Time
This is being walked down for a rally in my opinion....watch the volume and the price movement when it starts to go up....I hope for a violent upswing!
here is why AIG tanked today in my personal humble opinion:
AIG’s (AIG) new CEO, who probably wishes he had never seen the job, mentioned that the $123 billion the government has put up to help his insurance company will not be enough even if the firm cuts back on all of its fun outings. AIG has already gone through $90 billion in record time. Its chief executive believes it will need more collateral while it tries to sell some of its healthy divisions to raise cash. The credit markets are so tight that making those sales may be especially hard. The federal government’s argument for putting capital into AIG was that it was “too big to fail.” It is hard to see how that logic has changed in a month. The AIG problem could become at $200 billion fairly fast.
http://www.forbes.com/2008/08/25/aig-insurer-update-markets-equity-cx_ra_0825markets30.html
are you lucky! AIG at these prices are a gift!
it gets better...wait til the reverse split. then your shares will be reduced as this stock drifts downhill again
thats why I bought back into today. AIG is STILL around
what is the difference it is form t's?
I hear ya crable...I am going to average down and by more as I bought initially at 6.78 and thought that was a steal! at 5.50 this is such a great buy.