Anyone know someone buying AIG stock?

[Locut0s]

I'm sure this isn't new but it occurred to me the other day that AIG and others of it's ilk have to be the perfect company(s) to bet some money on for those in a gambling mood with a few bucks they don't mind possibly loosing. With the US seriously saying that AIG is simply too big to fail (not that I'm doubting it is) they will keep pumping money into it to keep it afloat. If and when the economy does improve and AIG perhaps with it you could stand to gain a hell of a lot if lucky. AIG was at 70+ bucks over 2 years ago and now sits at about 0.40 cents!! It may never regain that high but if the company does pull out of this (with the governments sworn help) even returning to 1/2 that price would be almost an increase of 90x!

Same for other companies that are "too big to fail".

Course you have to be doing this with money you don't mind possibly throwing away.

 

[theflyingpig]

I've invested about $70,000 in AIG recently. I expect to make millions to fund my army.

 

[Zim Hosein]

Originally posted by: theflyingpig
I've invested about $70,000 in AIG recently. I expect to make millions to fund my army.

Can I be a General in said army theflyingpig? 😛

 

[Vageetasjn]

Using public money to bail out AIG doesn't mean the common shares won't get wiped out in terms of equity value.

 

[edro]

I dropped 200k into GE a few days ago.
I will probably roll my 50k in profits into AIG tomorrow.

I may cash out my 5000 shares of Apple by weeks end as well.

 

[Zim Hosein]

Originally posted by: Vageetasjn
Using public money to bail out AIG doesn't mean the common shares won't get wiped out in terms of equity value.

Not that I am an expert, but that is one fact that "most" people are not aware of Vageetasjn. 🙁

 

[hiromizu]

Originally posted by: edro
I dropped 200k into GE a few days ago.
I will probably roll my 50k in profits into AIG tomorrow.

I may cash out my 5000 shares of Apple by weeks end as well.

I just wish I had that much capital to play with 🙁

 

[Zim Hosein]

Originally posted by: hiromizu

Originally posted by: edro
I dropped 200k into GE a few days ago.
I will probably roll my 50k in profits into AIG tomorrow.

I may cash out my 5000 shares of Apple by weeks end as well.

I just wish I had that much capital to play with 🙁

[Teal'c] As do I! [/Teal'c] 🙁

 

[theflyingpig]

Originally posted by: Zim Hosein

Originally posted by: theflyingpig
I've invested about $70,000 in AIG recently. I expect to make millions to fund my army.

Can I be a General in said army theflyingpig? 😛

You have become a moderator here, I'm sure your leadership skills will be up to the task. I'll have to test you first. I'll give you a brigade, and see how many cities you can sack in a months time. That will determine your future rank my friend. I shall contact you when the troops are ready.

 

[Zim Hosein]

Originally posted by: theflyingpig

Originally posted by: Zim Hosein

Originally posted by: theflyingpig
I've invested about $70,000 in AIG recently. I expect to make millions to fund my army.

Can I be a General in said army theflyingpig? 😛

You have become a moderator here, I'm sure your leadership skills will be up to the task. I'll have to test you first. I'll give you a brigade, and see how many cities you can sack in a months time. That will determine your future rank my friend. I shall contact you when the troops are ready.

😎

Cheers Sir! :beer:

 

[IHateMyJob2004]

Gamble with WFC if you want to gamble. Lower risk (no risk really) but the reward potential is nice.

 

[Locut0s]

Originally posted by: hiromizu

Originally posted by: edro
I dropped 200k into GE a few days ago.
I will probably roll my 50k in profits into AIG tomorrow.

I may cash out my 5000 shares of Apple by weeks end as well.

I just wish I had that much capital to play with 🙁

Money begets money.

 

[IHateMyJob2004]

Originally posted by: Vageetasjn
Using public money to bail out AIG doesn't mean the common shares won't get wiped out in terms of equity value.

Shareholder dilution is the risk. Assume some market cap for AIG 5-10 years out and determine how many shares there will be (after dilution). That is the formula and I will not contribute to this guessing game.

 

[ponyo]

AIG is gone. It already had its dead cat bounce last year. AIG doesn't interest me at all, and I'm all about contrarian trading and investing.

Big Ben did come out today and said the Fed and the administration will not allow big banks to fail. If you believe him, Bank of America is decent play. That's one zombie bank I would buy.

 

[edro]

I lie, like everyone else, to make others feel inferior.

I have lost 50%, like everyone else as well.

 

[spacejamz]

Originally posted by: theflyingpig
I've invested about $70,000 in AIG recently. I expect to make millions to fund my army.

There is a bar nearby me called the Flying Pig :beer:

 

[nerp]

I wouldn't touch AIG with a ten foot pole.

I'd suggest looking at companies with large cash reserves, sound business models and products that will continue to be worthwhile after a recovery.

If you want to gamble, gamble with AMD or something. AIG? Might as well load up on coma-inducing FRE and FNM as well. Throw some SIRI on top like a cherry to your hot fudge sundae of doom.

 

[Zim Hosein]

Even w/ all the backlash regarding the bonuses today, AIG is up 0.23¢ in extended hours trading! 😕

 

[destrekor]

Originally posted by: Zim Hosein
Even w/ all the backlash regarding the bonuses today, AIG is up 0.23¢ in extended hours trading! 😕

shit yeah, I was just laughing maniacally at that fact. Whoever these people are who are helping push the price up, I love em.
I got about 1600 shares when it was going up the other day, at 0.60. 1.38 at right, and up so far overnight a good percentage of what the gains were today.

So far it's actually pushing me into higher value more than my Citigroup shares have, but that seems content to move up quite high, AIG might fall again, I expect it too... and I'll get out before it drops too much.