Great, so short sellers can now come back out and beat the ever loving shit out of this stock again! Why screw it once when you can screw it twice! "Oh, it's so institutional investors can buy into it!" What a load of crap. I was holding on to my $3 a share AIG crap in the hopes it might come back, but now? Forget it.
Yeah i about flipped when i saw AIG just now. I have had AIG on my ticker and when i saw 22$ this morning I was like "no way!" Did that pipps announcement really push it up that much and why? Then i saw it was a 20 for 1 reverse split. So it looks like its time to short AIG again down to a buck again.
Pre-market saw it down to 16 and change. It's up from then, but who the hell knows what's going to happen with this dead egg.
LOL the AIG chart is now seriously messed up http://www.google.com/finance?q=NYSE:AIG ALL time high $2073 a share
According to my data, AIG hit an all-time intraday high of 2075.00 on 8 December 2000. The closing high was 2073.80, recorded on the same day. http://finance.yahoo.com/q/hp?s=AIG&a=11&b=1&c=2000&d=11&e=15&f=2000&g=d
I just can't beleive what I see. This is not good ... not good atall.. they are going to attack it again and send it to hell. That just created another opportunity for the short sellers to make more money....