Finance guys, Buy AIG shares now?

Biggamer3 · Sep 16, 2008

Could it really get lower than this?

trading between 2-3 dollars a share this morning

gbogo · Sep 16, 2008

they were too get a loan from 2 banks for 75 bio

but they didnt have enough collateral to secure the loan (some say they actually need 400 bio)

the only option left to them is a govt bailout or its bankruptcy in the morning.

PercocetThreat · Sep 16, 2008

I wouldn't buy it for anything other than a quick trade. It has been crazy volatile today so you may be able to pick up a few bucks flipping it if your timing is right.

Good luck.

Fishhead · Sep 16, 2008

http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined

Illini · Sep 16, 2008

Ummm.....no.

Fishhead · Sep 16, 2008

They could actually be under 1.00 before days end.........

bilbal · Sep 16, 2008

it was trading around $67 a year ago. how the mighty have fallen. I'm just glad the gov't is choosing to let capitalism run its course with these last few implosions.

TTinCO · Sep 16, 2008

It will either rocket up or tank within the next 30 minutes(when the fed announces their decision).

Hell of a gamble, but could pay off in a big way.

TTinCO · Sep 16, 2008

No fed funds rate cut, down we go.

Still no word on the AIG bailout.

Betallsports · Sep 16, 2008

TTinCO said:
No fed funds rate cut, down we go.

Still no word on the AIG bailout.

I'm going to take a small shot, buying $2K worth. What the Fuk :drink:

Betallsports · Sep 16, 2008

Bought 850 shares at $2.57, cost was $2,184.50

Do I Lose Money ?? or Make Money ?? Guess we will see :toast:

Biggamer3 · Sep 16, 2008

Betallsports said:
I'm going to take a small shot, buying $2K worth. What the Fuk :drink:

that a boy, this is like a good parlay here

Which site do you use to buy?

Biggamer3 · Sep 16, 2008

Betallsports said:
Bought 850 shares at $2.57, cost was $2,184.50

Do I Lose Money ?? or Make Money ?? Guess we will see :toast:

You put any reasoning into this or a pure crap shoot?

bilbal · Sep 16, 2008

volume is about to go over a billion

Biggamer3 · Sep 16, 2008

Wow went up a nice amount in the last few minutes, 3.75 already

Fishhead · Sep 16, 2008

This is just like wagering on a game right now.

You can buy this stock now at 3.40 ......it will be at 0.24 or 7.00 tommorrow at the close in all probability.

Feel lucky??

I think there is a slightly better chance that it will be at 7.00 before weeks end over being at zero.

I made a small trade earlier on the stock..........purchased the stock and made 289 bucks on an eleven point move up.

Biggamer3 · Sep 16, 2008

Its at 4.64 already

FairWarning · Sep 16, 2008

Betallsports said:
Bought 850 shares at $2.57, cost was $2,184.50

Do I Lose Money ?? or Make Money ?? Guess we will see :toast:

Very nice.

Biggamer3 · Sep 16, 2008

Betallsports said:
Bought 850 shares at $2.57, cost was $2,184.50

Do I Lose Money ?? or Make Money ?? Guess we will see :toast:

you selling for a quick profit or going for the big time?

gbogo · Sep 16, 2008

Fed reported to say that they are re-considering their position on AIG

there could be some announcement at 4 or 5 pm

if it doesnt come the next filing will be bankruptcy