Thread: Aig

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  1. #1

    Default Aig

    Would AIG be a good short even though it shows that it is very oversold right now and that the momentum downward might be slowing down. It still shows that its bearish. So i was wondering if even though its at 13..... can it still possibly go down more?? I would figure that it would start going up since it is so low. And is it possible to short AIG. I am still learning and using charts now i just need to read some good books. Just wondering about yalls opinions. Thanks for all the help it is great help.
  2. #2

    Default

    As to shorting, its not on Penson's easy to borrow list.
  3. #3

    Default

    Since it is "so low"? Are you kidding??? AIG's price in the teens only because of a 1:20 reverse split. Before the reverse split it was less than $1.
  4. #4
  5. #5

    Default

    AIG at 10 and change.

    Seems as if the only purpose for a reverse split is to ensure that the equity share-holders' value drop from a 90% loss to a 99% loss.

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