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Looks like it's going to be a bloodbath

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Anonymous
Not applicable

Re: Looks like it's going to be a bloodbath



Timothy wrote:
Bought 1500 AIG at $2.00 a share-
 
Tried to buy FIC at $24 - didn't happen  


When did you buy AIG at 2$ a share? It was .20 a share yesterday wasn't it?
My 401K is the only thing that DID make $20 in the last 3 quarters.
Message 11 of 17
Anonymous
Not applicable

Re: Looks like it's going to be a bloodbath

Bought yesterday AM-
it swung up and down all day yesterday-
 
Closed yesterday at 3.75
In after hours trading was all the way down to 1.25 -
pre-market is at $2.11 

This stock is still getting "Shorted" like crazy 

beenthere wrote:


Timothy wrote:
Bought 1500 AIG at $2.00 a share-
 
Tried to buy FIC at $24 - didn't happen  


When did you buy AIG at 2$ a share? It was .20 a share yesterday wasn't it?
My 401K is the only thing that DID make $20 in the last 3 quarters.



Message 12 of 17
oracles
Valued Contributor

Re: Looks like it's going to be a bloodbath

I thought they were going to sell all their assets. Therefore i would think it is not going to be worth anything. please let me know if i am wrong in my thinking. thanks
Message 13 of 17
Anonymous
Not applicable

Re: Looks like it's going to be a bloodbath

I was close- it closed at 4.20 -

Timothy wrote:
AIG will be at $6 by the end of the week.

Timothy wrote:
Bought 1500 AIG at $2.00 a share-
 
Tried to buy FIC at $24 - didn't happen  






Message 14 of 17
athensguy
Valued Contributor

Re: Looks like it's going to be a bloodbath

Is the stock market still way down if you include devaluation of the dollar caused by the creation of an additional $1.5 trillion or so debt?
Message 15 of 17
Anonymous
Not applicable

Re: Looks like it's going to be a bloodbath

Hard to tell exactly how much the dollar will end up getting devalued...if we go through a deflationary scenario, it could wind up increasing in value.

However, if I were a betting man, I'd bet on a weaker dollar.
Message 16 of 17
MattH
Senior Contributor

Re: Looks like it's going to be a bloodbath



@Anonymous wrote:
Hard to tell exactly how much the dollar will end up getting devalued...if we go through a deflationary scenario, it could wind up increasing in value.

However, if I were a betting man, I'd bet on a weaker dollar.




Potentially a MUCH weaker dollar -- the political tectonic plates have been shifted by the near-meltdown of Wall Street and it is clear the US Government will spend buckets of money to prevent total collapse. Under normal circumstances the Fed could counteract the inflationary effect of all these bailouts by raising interest rates, but I don't see how they dare raise rates at present.
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
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Message 17 of 17
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