Top 4%
Will you buy AIG now?
Started Sep 17 at 7:26 ET (By Gurughantal)
Do you think you can invest in AIG today? Fed gave 85B to bail AIG out will you risk your money on AIG?
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Top 1%
beancounter
Sep 17 at 8:15 ET
No way. Lots of other options - BCS, BAC, WFC. They're going to wipe outthe common just like FNM and FRE it'll go under $1 today or tomorrow and be delisted at some point.
Top 98%
ramigabai
Sep 17 at 8:24 ET
I'm holding my fingers not to press limit buy @ 2.01
Top 44%
guygamzu
Sep 17 at 9:34 ET
They already carry over $956B liability on their back. With this new 'saving wheel' the burden will grow to over $1T... I would sit & wait...
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DowJonesDave
Sep 17 at 10:01 ET
yes for a day maybe two
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DowJonesDave
Sep 17 at 10:03 ET
that's at real time AIG @ 2.17
Top 2%
andyf613
Sep 17 at 10:06 ET
Stay away from AIG - i wouldnt be that sure that AIG will stablilize so fast due to the bailout - lots of other factors going on...
Top 1%
DowJonesDave
Sep 17 at 10:12 ET
Stops loss orders are appropriateare appropriate
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blacktuna
Sep 17 at 10:43 ET
Great question..
There is one thing I don't understand.. if the government just said they will bail AIG out - you'd think the stock price would rocket upwards.. why the lukewarm response ny the market?
Top 40%
dgryder
Sep 17 at 11:25 ET
Who is going to be the last person that we decide to bail out. It isn't over and there needs to be a cut off. If the last two of the giants run into trouble how much is it going to cost to bail them out.
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TraderBob
Sep 17 at 11:49 ET
I don't think it's clear that the government is going to bail out AIG. A loan of 85B and the fed govt. taking over the company with 79.9% ownership, to me, means that AIG isn't worth anything anymore. Maybe one day if it goes private like the plan is for FRE and FNM. If JPM buys (or consumes) WM then JPM is looking to be quite valuable.
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dgryder
Sep 17 at 11:54 ET
easy answer, no. If you wanted to intraday trade then that is another story.
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dgryder
Sep 18 at 12:03 ET
Absolutely correct. 85B does nothing. You have to stop the madness that started it or it is only going to continue. Like you said, it is a plan. That doesn't mean anything. If people are optimistic on a "plan" then what does that tell you if it does not go through.
Top 4%
TraderBob
Sep 18 at 12:33 ET
I'm not sure I'm optimistic on a plan, I just tend to believe that given enough time things tend to work out, one way or another. However, I have no intentions of investing in AIG now or in the near future.
The new CEOs of FNM and FRE have the knowledge to rebuild the companies I believe, but I'm not sure the government will allow them to do so. It appears that the government intends to take a profit off of these two companies but all plans are obviously going to be left in the air until the new administration takes over.
Top 40%
dgryder
Sep 18 at 12:43 ET
I do not know if it is as much the government that is going to profit as much it as certain individuals. It would be smart for the gov. to make money to soften the blow to the the people. Special interest groups are going to control what happens. Obama was the #2 beneficiary of contributions from FNM and FRE.