Finance guys, Buy AIG shares now?

[TTinCO]

I smell a bailout

 

[Biggamer3]

I smell a bailout

Wow if theres a bailout could the stock reopen tomorrow at 15+?

 

[gbogo]

Credit default swaps on AIG continue to bounce around Tuesday, and are last quoted at 39.5/44.5 points up front, according to CMA DataVision. Were 31/36 points this morning. Now it costs around $4.2M to insure $10 million of AIG bonds for five years, plus a $500,000 annual fee. Such a level indicates investors think a default is highly probable

 

[GoForBroke]

I'm taking a gamble on this. Picked up 650 shares @ $3.19 earlier.

 

[Betallsports]

that a boy, this is like a good parlay here

Which site do you use to buy?

Ameritrade, just for kicks

 

[Betallsports]

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

Outside the fact that I know AIG is the Biggest Insurance Company
I just took a shot.

 

[Betallsports]

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

I guess I'm on a wait and see. Might bail out tomorrow, but you never know.

The way I see it, it's like putting 2 dimes on a Game. I could lose it all in 3 hours if I lost a game.

 

[TTinCO]

It slid back down to close at 3.75, but I wouldn't sweat it. That downward pressure was most likely due to the day traders taking their profits from their morning purchases.

 

[Betallsports]

It slid back down to close at 3.75, but I wouldn't sweat it. That downward pressure was most likely due to the day traders taking their profits from their morning purchases.

I'm up a little over $1K on the day :drink: If I need to Bail tomorrow, I will.

 

[DDz00]

i hope you sold your shares..

After Market.....sinked.

 

[Betallsports]

i hope you sold your shares..

After Market.....sinked.

Nope, riding out this sucker until the morning.

I went into this as just taking a shot, so if I lose it..So be it ! :grandmais

 

[Railbird]

so be it

 

[gbogo]

they have retained a law firm to draw up bankruptcy papers.

talks still ongoing - but it will be over in the morning one way or the other.

 

[gbogo]

Aig Could File For Bankruptcy As Soon As Wednesday If Financing Solution Not Reached-nyt, Citing Person Briefed On The Matter

 

[GoForBroke]

CNBC is reporting a fed bridge loan for AIG likely to be $85-90B now.

 

[HuskerFan1]

ya but shareholders are gonna be severely diluted...aka say goodnight ed

 

[GoForBroke]

Yeah if the bridge loan ends up coming with those warrants. We'll see how everything pans out.

 

[SportSavant]

a huge peice of the sky just landed in my backyard.

Its over.

 

[tiznow]

AIG shareholder value is done at this point that much has been clear since yesterday

just a matter of what the endgame for them is

bankrupcy with viscous unwind on open markets

or government spending taxpayer dollars to pay off all the bad shit and sell off all the good shit in a orderly manner which in the end will result in big losses for the taxpayer

 

[mj23]

Forget about this stock if you use your head now is the best time to move in and buy the right stocks and a few years from now you will be sitting on a pile of cash!!