10-25-2007, 07:03 PM
|
|
Registered User
|
|
Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
|
|
|
Keep an eye on AIG
AIG reports after hours Nov 7th and there's plenty of speculation it's gonna be harsh due to subprime BS.
Though the company has said it doesn't that bad to them. That doesn't sound good to me.
Stock dumped out almost 6 points today before jumping back 3 on monster volume both ways. Watch for another dump out tomorrow. Just my thought process but I don't see it coming back to the $64 level before earnings. Why would AIG not take a subprime hit like everyone else?
I'll be all over the earnings call if they report good numbers. Easy money, especially if it sells off the next week or so.
Shorting for now as soon as I get the chance on a good bounce.
|
Linear Mode
