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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (214198)8/5/2009 1:54:49 PM
From: RockyBalboaRespond to of 306849
 
Hard to tell. at 23 it was a tough go,

I started a short position. If it goes 21.50 I add.



To: Smiling Bob who wrote (214198)8/5/2009 2:02:57 PM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
I guess, we are up against a card counting machine which knows all the cards including the last one. This could be the proprietary "fast trading" program applied to AIG today. This is a super-fast program.

Now I see some kind of liquidiations, but everytime it seems to tank, the machine starts some random buying.

I wonder which stock is next.



To: Smiling Bob who wrote (214198)8/5/2009 2:46:33 PM
From: Smiling BobRespond to of 306849
 
Dow down just 34
Shazam!



To: Smiling Bob who wrote (214198)8/6/2009 6:25:14 AM
From: RockyBalboaRead Replies (3) | Respond to of 306849
 
A quick throwup of AIG yields an adjusted book value of 68, of which are 56 tangible, not counting possible gains from revaluation of previously written off assets. As such and assuming no failure; applying citibanks formula when they issued their $14 price tag for AIG (wrongly assuming that it could default) yields a price of around 47. So AIG could trade between 47 and 68, before adding $20 to $30 for the financial bubble valuation.


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