nooo I expect a drop down to 1.10 ... There was no reason other then 2 news PR
1. Missing money throughout the USA for 3 banks with MILLIONS missing that they can put back on the books right away if the would just claim it .... Democrat found it .... He's pushing for it.
2. New Economic Stimulus bill
My opinion if I were AIG - GET ALL of that money back on the books now and recover some of what is lost. That will in fact put "faith" into the company as they are "trying" to do something to recover the company ??? right?
Next, Volume and stabilization was beautiful over the last week. But a hike like premarket today ?? I don't know what caused that and that's the reason we see profit takers RIGHT NOW due to the fact they probably can't find it either.
I do expect this smallllllll gap to fill by closing green but half of what the gap up was. That is when I'm rebuying more in. I say 1.12 -1.15 close if we see 1.10-1.11 still fine with me but I think the big boy eyes and all the investors do not want it to hover at 1.00 anymore because of fear of .99 and lower
When does the relaxation of NYSE traded stocks under .99 end?? anyone?? I think that since 3/9/09 bottom doomsday of the market - this chart has looked healthy with profit takers as we go. Prior to that day was just sell sell sell and we sat bottomed out at .32 MAN I wish I was only a week and a day earlier then my first buy in at 3/17/09
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