I was short AIG and UYG in the pre-market as I posted this morning. UYG didn't give me much but AIG was a gift from the shorting Gods. I held it all day and covered near the low of the day.
Friday, September 12, 2008
AIG
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
2 comments:
upside: i think they are starting to isolate the isolate the weak links. what do you think AIG's fate will be next week? Another LEH in the works?
hi stewie
it will interesting to see what AIG says on moday regarding their announced restructuring, WM is trying to get bought by JPM so we need further info there too, MER is acting scary though-right now it looks they all either flush lower or rally hard to the upside-it will be a fascinating week-i think this is the week for the finncilas to find direction for good, but i still hate the group and think there are problems that haven't been uncovered yet
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