AIG Reversal


One of the most catastrophic drops to take place during the days of the financial crisis (sigh – – those were the days) was AIG International. Of course, the executives didn’t suffer for it –  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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