Instead of correcting your superior, you should have been loading up on calls. another one you missed.
Stock, What'd I miss? AIG goes up every day. Until it stops me out on a close, I'm in it. As in another thread today on rules, price is the only thing that matters. What is $50.45 close today telling you?
Monday is month end. This thing will be marked higher by fast money guys. I would not be surprised if we took out $60.
There are 12 markups a year and 12 option expiration's for more markup. The market will never go down again. AIG = $2000 by 2010. Shorts who didn't cover will be financing the recovery. PS AIG from 32 to over 50 since my official blessing. Another great call in a long series of great calls. Documented.
Stocks being BOUGHT heavily by institutional investors. Stock Symbol Price Price Chg Vol % Chng AIG 50.23 +2.39 +319 LZ 63.36 +0.87 +34 Information as of: 8/28/2009 Market Close per IBD
You're like Cicero, a clairvoyant! You had 10 out of 10 winners at Saratoga the other day. WOW, I did the permutations and combinations on that and did you know the odds of that with 10 horses in each race is 3,700,000 to 1! Keep up the good work . . . p.s. We will forget the fact that you started this thread thinking AIG was back to all time highs.
I cut back a little at the close, mostly because even with a 3.7 beta it was off much more than the mkt. Treating it as a normal stock even though it is its own animal. In it still because I think a lot of today had to do with Barrons article and this level is a 1/3 pullback from the highs on this latest run from $35. This would be a normal pullback if it were a normal stock. Trading it off price only, no opinion on fundamentals - who knows what this thing is worth.