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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Spreck who wrote (7314)	4/4/2005 6:19:02 AM
From: Vendit™	of 8752

AIG is one of the companies that I happen to be keeping up with the funny-mentals on. The largest insurer in the U.S. is quickly going into the toilet because of their shady off-shore accounting in Bermuda owned companies. AIG is going to have to make a 3-billion dollar (cough) adjustment to their book keeping which will very likely land several dozen of their top executives in jail and many of their business partners in jail. (Brokers who took pay-offs) The SEC is hot on their tail and it looks like Mr. Spitzer is going to make an example out of this arrogant company for thumbing its nose at him early on during his investigation. The chart shows a 10% drop in price on Friday as the SEC continued to hand out subpoenas. 139.142.147.218 The lower indicators suggest a breach of $50 is imminent. The stock has lost over 35% of its value since January 1st. This SEC investigation is just beginning. Reid

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