AIG up on bad news?

[kowboy]

Why do you think AIG has run up strong today, on a day when the news services abound with bad news on AIG?

 

[forex5x]

By the time you get the news it is old and has been assimilated into the price.

Also, there are people that talk it up or down to get the movement they need to either enter cheaper or exit profitable.

In general...."the news is to confuse."

 

[Steelhead]

kowboy look at the daily
spitzer mentioned the company does fine it was basically a group of greedy people trying to manipulate their numbers to jack the stock price
http://news.yahoo.com/s/ap/20050526/ap_on_bi_ge/aig_probe

 

[kowboy]

Ok thanks for the explantion

 

[monistat7]

the markets are not rational. there are X amount of theories for why a stock reacts to news or economic numbers but the bottom line is the market goes where it wants to go.

but yes, i too was surprised that AIG flew up so much on "spitzer" related news.

 

[dougcs]

IMO, the current news was good news as no more bad news came out maybe indicating the worst is over and maybe AIG is now a good buy.

DS

 

[Brandonf]

http://www.brandonfredrickson/videos/newsies.html

I did a video here where I discuss this stock, and use it to illustrate news in general.

Brandon

 

[kowboy]

Brandon, your video on AIG is an excellent explanation of the news phenomenon.

Thanks

 

[Riskmanager]

Quote from kowboy:

Why do you think AIG has run up strong today, on a day when the news services abound with bad news on AIG?

Demand exceeded supply.

 

[Brandonf]

Quote from kowboy:

Brandon, your video on AIG is an excellent explanation of the news phenomenon.

Thanks

Thank you

Brandon