# How is your AIG stock doing? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [August 27, 2009, 8:54am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705 "2009-08-27T08:54:39Z")\ **Posts on this page:** 15\ **Page:** 2
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [August 28, 2009, 7:23am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/21 "2009-08-28T07:23:45Z")
> [@Joe](#): > > I think it’s important to use both. A purely technical trader buys and sells based on a chart, without any indication of what they’re actually buying. Sure they might pick out support to buy Bear Stearns at, but its fundamentals that made it go to 0. > I use fundamentals to make my stock pics, and TA to let me know when to act on them > [@Joe](#): > > I still hate TA. I’ll look at it, but it’s a necessary evil Age old debate. I’ll just say this, how are fundamentals treating FA traders here? How many are _balls deep_ in shorts, averaged down like a mofo with no dry powder left? Are their FA reads correct to suspect bear, most likely. Are they solvent enough or have options far enough out to hold on and be proven right…hrmmmm. TA is the best method for equity protection, which is rule 1 when trading speculative vehicles. Not to mention IMO FA is built into proper TA. FA data isn’t what pays you, price movement IS! I say focus on what pays you, not what you think could pay you. Not directing this at you persay. If FA works for you then it’s what you should use. For me, and in general I think FA is far too rational to trade off. And TBH, I’ve never understood how people just trust the numbers companies put out. They cook the books all the time, but FA data is on the up n’ up? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [September 1, 2009, 9:13am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/22 "2009-09-01T09:13:13Z")
[http://www.google.com/finance?q=AIG](http://www.google.com/finance?q=AIG) :mamoru: ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [September 1, 2009, 9:21am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/23 "2009-09-01T09:21:35Z")
> [@slow84ta](#): > > I bought 1000 shares @ 7.50 per share in March :tup: You do realize that you paid $150/share right? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [September 1, 2009, 9:39am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/24 "2009-09-01T09:39:14Z")
> [@Nikuk](#): > > You do realize that you paid $150/share right? :mamoru: Shh. ---
**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\ **Post date:** [September 1, 2009, 9:44am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/25 "2009-09-01T09:44:07Z")
> [@Nikuk](#): > > You do realize that you paid $150/share right? im lost. I dont know shit about stocks so share the wealth mr cook. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [September 1, 2009, 9:45am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/26 "2009-09-01T09:45:42Z")
They reverse split 20 to 1 July first. Basically every 20 shares was now worth 1. They were hovering around a buck which risks being thrown off the NYSE. If he bought shares at 7.50 before the merger, he really paid $150 for a current share :lol: ---
**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\ **Post date:** [September 1, 2009, 9:45am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/27 "2009-09-01T09:45:53Z")
if it split 20:1… 7.50 x 20 = 150. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [September 1, 2009, 10:20am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/28 "2009-09-01T10:20:54Z")
> [@dreid](#): > > im lost. I dont know shit about stocks so share the wealth mr cook. He bought 1,000 shares for $7.50 a peice = $7500 total in march In June (?) they reverse split - which is consolidating shares to make 1 share worth more, mainly so they didn’t get kicked out of a particular exchange / market. So they consolidated 20 shares into 1 share. Back to Slow84ta: 1000 / 20 = 50 shares. $7500 / 50 shares = $150 per share. Todays AIG value is $36.xx per share… $5700 in losses for Slwo84ta. ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [September 1, 2009, 10:25am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/29 "2009-09-01T10:25:15Z")
> [@Nikuk](#): > > He bought 1,000 shares for $7.50 a peice = $7500 total in march > > In June (?) they reverse split - which is consolidating shares to make 1 share worth more, mainly so they didn’t get kicked out of a particular exchange / market. > > So they consolidated 20 shares into 1 share. > > Back to Slow84ta: 1000 / 20 = 50 shares. $7500 / 50 shares = $150 per share. > > Todays AIG value is $36.xx per share… $5700 in losses for Slwo84ta. pwnt ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [September 1, 2009, 1:45pm UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/30 "2009-09-01T13:45:43Z")
> [@TradersBASE](#): > > Age old debate. I’ll just say this, how are fundamentals treating FA traders here? How many are _balls deep_ in shorts, averaged down like a mofo with no dry powder left? Are their FA reads correct to suspect bear, most likely. Are they solvent enough or have options far enough out to hold on and be proven right…hrmmmm. > > TA is the best method for equity protection, which is rule 1 when trading speculative vehicles. Not to mention IMO FA is built into proper TA. FA data isn’t what pays you, price movement IS! I say focus on what pays you, not what you think could pay you. > > Not directing this at you persay. If FA works for you then it’s what you should use. For me, and in general I think FA is far too rational to trade off. And TBH, I’ve never understood how people just trust the numbers companies put out. They cook the books all the time, but FA data is on the up n’ up? Count me in with the fundies traders balls deep in shorts that cleaned up today 🙂 Now hopefully the stupid PPT doesn’t come in tomorrow and ruin our needed bear run, like they’ve done for 6 months. ---
**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\ **Post date:** [September 1, 2009, 2:01pm UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/31 "2009-09-01T14:01:05Z")
wow. that sucks. Sorry slow84ta ---
**Author:** ![Scott](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/scott/32/7603_2.png) [@Scott](https://forums.speedlife.net/u/Scott)\ **Post date:** [September 1, 2009, 3:06pm UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/32 "2009-09-01T15:06:14Z")
I think slow84ta was trying to say he bought it at .38, then with the 20:1, or 1:20, however you look at it, it would be 7.50 a share, post split. If he didnt mean that, then he is a tard. I was going to go balls out on this when it tanked originally but my other stocks took off so I held off. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [September 1, 2009, 3:12pm UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/33 "2009-09-01T15:12:25Z")
Key stats and ratios 2008 Net profit margin -904.06% Operating margin -979.48% EBITD margin -N/A Return on average assets -10.52% Return on average equity -134.27% Employees 116,000 - [sarcasm]Sounds like a healthy investment to me[/sarcasm] ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [September 1, 2009, 5:02pm UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/34 "2009-09-01T17:02:39Z")
> [@Joe](#): > > Count me in with the fundies traders balls deep in shorts that cleaned up today 🙂 > Now hopefully the stupid PPT doesn’t come in tomorrow and ruin our needed bear run, like they’ve done for 6 months. People talk about the tin foil hat crew…yet in those circles PPT is considered an accepted belief. LOL 2 nice down days…not sure how well most perma bears cleaned up in reality. I know guys that were short from way too long ago to profit here in all probability. You must have managed your dry powder flawlessly. Congrats. Added---- Here’s where I show fib based support on the DOW. Of course to maintain a technical uptrend the prior swing low must hold before the fib ambush zone would even come into play. The daily makes the move look far more impressive…don’t get me wrong it was on solid volume. But bigger picture this price action isn’t awe inflicting yet IMO. ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [September 2, 2009, 12:43am UTC](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705/35 "2009-09-02T00:43:29Z")
why didn’t I short AIG earlier in the week? :goddamnit: [Previous page](https://forums.speedlife.net/t/how-is-your-aig-stock-doing/72705.md?page=1)