Trillion Dollar Penny Stock?

Update - Oct 15th, 2008: Survivors scrambled last week to buy shares of Google, AIG, Wachovia and Apple on the cheap as investor fear further suppressed stock prices. The increased interest in Tech and Financial stocks seemed to reflect a hope that the badly beaten sectors were nearing their respective bottoms. The single most purchased stock last week was AIG, which was an early indication that Survivors believed the banking system would survivor the current financial crisis. On the other hand, AIG was also the single most sold stock last week which suggests that quick profit taking was the modus-operandi, or the general consensus later soured on the future of the banking system. AIG, trading at some of its lowest levels ever last week was one of the highest profile victims of the recent financial crisis. Last week, The insurance giant American Intl. Group topped survivor interest. AIG, battered by credit losses driven by the subprime-crisis, was given an $85 billion federal loan to keep it solvent while it stabilizes its balance sheets, selling off assets to balance its books and repay the loan (Read complete news). Among wss players, buying interest was stronger than selling interest for American INTL Group Inc. and other Financial Sector stocks.

Action to Take: Buy AIG

Average:

0

No votes yet

Your rating: Select ratingPoorOkayGoodGreatAwesome

Your rating: None

NEXT »