A huge, huge shortseller bought August calls to hedge short stock on August 6th - the first day it went past $26. The calls expire out of the money tomorrow, with AIG under $40, leaving the shortseller naked short. Stock now $2 (old basis). Buffett interested in something here at $32 (old basis). How long will competing parties eye each other at the starting line before expressing interest? Any comment by Buffett this weekend would leave shorts in a panic to cover on Monday. Short squeeze should develop on the expiring Aug. calls alone. http://www.cnbc.com/id/26722438