Wow! The internet bubble can happen to any company. Where is the bottom for this large DOW component? Does anyone want to guess?
fre and fnm never had market caps over $70 bil or so. aigs cap topped out at $260 bil . aig is the biggest insurer on earth with 1.2 tril of assets. i hardly doubt it goes under so i'm scaling into it over the coming weeks and months
I will be a buyer of AIG if the price goes above today's high in a fairly short amount of time. A setup I see on the futures a lot is the price going below a well established low by a few ticks and immediately turning up on very strong volume. The same thing happens with stocks.
I have heard these stories before and even bought into them myself. We will always need mortgages, we will always need drugs, we will always need housing. I dont think it will go under, but the low has to be a truly disgusting one for me to buy. I will buy somewhere around 12. That is the truly disgusting low that I am looking for...
If you are not stock_trad3r, then you must be his dorm roommate. AIG is no bargain, and fundamentally it is overpriced.