Never in my lifetime would I have thought to see AIG at $18.......

[KINGOFSHORTS]

The only financial institute that will be left when the smoke clears is General Electric.

 

[staffpro]

Quote from KINGOFSHORTS:

The only financial institute that will be left when the smoke clears is General Electric.

http://www.liveleak.com/view?i=f92_1219487654

 

[newguy05]

Quote from ProfitTakgFool:

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.

yes it's always been done to shake out the weak hands. AIG is oversold technically. Wait for confirmation that the break below double bottom is a fake, then i would probably edge in by writing some slightly otm puts and see how that goes. At <$18 and the downward move it already had, this play will have a pretty low risk.

 

[number22]

$5

 

[joeb8822]

Pic of AIG and it's solid support...................LOL