American International Group was hot on StockTwits as the insurer opened below $14 and closed at $22, a remarkable daytrade indeed. Whatever voodoo catalyzed the squeeze remains to be seen, though my sources tell me it involved monkey flatulence and Franz Geithner. Though AIG is in a primary downtrend, the secondary trend is above the…
American International Group was a screaming short according to StockTwits traders like @smbcapital. Shares of AIG fell 22% after a 1-20 reverse stock split, and the chart has formed a double bottom breakdown, a distinctly bearish signal. Things look grim for the beleaguered insurer, despite the claims of CEO Ed Liddy who said AIG has…
Goldman Sachs (GS) is in the spotlight in lieu of American International Group’s (AIG) counter party revelations. GS is mired in resistance, and though it has enjoyed an uptrend since November, its days are numbered. The Bloomberg take on the AIG story can be found here. This is what I took from the article: AIG…
A look at American International Group’s fall from grace. Retention bonuses? Really? What is there left to retain? Here is the Bloomberg story on the Treasury’s recent efforts to save our country from finanical disaster, $1 billion at a time.