I’m Shorting AIG
Tim Knight | Oct 20, 2017 01:10PM ET
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.
I think it’s just about out of gas, however, so I’m shorting it with a stop at 65.89.
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