My doctor says to me "hey, I've got a stock tip for you...buy AIG today!"
This was on the 11th when it was at .35.
My response to him was "Doc, you're great and all BUT I'm not feeling so great about throwing money at a bunch of crooks". I furthered that I would anticipate Senate Hearings & a whole bunch of hoopla going their way & that I wouldn't be surprised to see grand jury hearings down the road.
And then, in true Sirius Long fashion informed him that the real tip was to buy SiriusXM stock.
His response : did they go bankrupt?!?
It was another 20 minutes before we got to the reason I had gone in...
To shorten the story, I'm kinda kicking my moral ass for not jumping in @ $.35 - if only to have sold it a few days ago.
And now, of course, Geithner & Dodd & Obama! are on the proverbial spit & getting hammered about this that and everything else AIG.
Geithner is now calling for more power to let non-banking industries fail.
All this, to ask a single question...
Am I completely out of my mind to be looking at buying into AIG?
I don't think your crazy at all. Look at the basics. You KNOW there is no way they will go BK:). Well you know they won't go BK. I would think AIG and CITI symbol "C" would be great long term investments in my opinion.
Thanks, guys, for the response.
I'm holding now & watching how things play out.
What a ride... just looked at the chart from the day you posted... had you the stomach to hold, you'd be up 100%, but man, that July decline was something else.
Watch out for those advisors from Santee, lol. J/K Mr. advisor... I know you're watching.
wow, now that I zoomed the chart out, a little good news and that thing could really run to almost 160... that's 400%.
Now that we all have traded pennies, this one is nothing... it's manipulated, the SEC surely won't investigate anything on it, it's obviously volatile at times.... looks and sounds like any other penny stock we've looked at.
hahaha - looking at it even closer, it's in a penny pattern too!!!! Not only that, my pricey trend software has a perfect score on it right now..
let's keep digging....
I have some other software giving one target of 80, not sure if it's still in play.
I'm loving it... what's the deal with this company right now?
I'm going to see when earnings are...
Think I'm nuts if I buy this thing?
Your Doc have any other tips?