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I’m Shorting AIG

Published 10/20/2017, 01:10 PM
Updated 07/09/2023, 06:31 AM

One of the worst-hit stock in the midst of the financial crisis was American International Group (NYSE:AIG). Of course, the executives didn’t suffer. They made hundreds of millions of dollars and were paid huge bonuses after their crimes were discovered, thanks to the US government. Even so, the stock is a shadow of its former self, in spite of a struggle upward for the past eight years.

8-Year American International Group

I think it’s just about out of gas, however, so I’m shorting it with a stop at 65.89.

American International Group Candles

Latest comments

It would be nice to see a bit more rationale behind such a blunt move...
whatever...
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