Seeking Alpha

sbra's  Instablog

sbra
Send Message
Hobby economist, Day trader
  • Killing the retail investor 0 comments
    Aug 28, 2009 1:59 PM
       Warning you are about to get burned and the big boys know it. Retail investors (especially the new ones) don't understand what is happening with aig. First off there was a huge short interest in aig, when the stock moved up caused by a 2nd quarter profit, this caused the shorts to get worried and they had to move out of their positions. When a short moves out of their position they have to "buy" the stock they shorted, this causes a move up on the stock. AIG may or may not get out of this alive I don't know but they don't have very good financial statements. Don't be fooled buy the big boys if you're in take your profits now, if you are thinking of getting in you will be the lamb amongst the lions and you probably will learn a very expensive leason.
    If you want to buy a financial stock that has a good balance sheet look at GS, JPM, if you want to specultate a little for high gain potential try C. There is little down side to C they do have a good management team and they also have the government behind them. Wake up before its to late. In full disclosure I personally shorted all the Russell 1000 financials late yesterday, I believe we are in for a moderate pull back.


    Thank you for Reading
    Steve

Back To sbra's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • I have been short banks for several days now. With the news out of china it looks like a down turn may come.
    Sep 14, 2009
  • we have broke through some important technical levels 1040 on the s&p i have been bearish because of fundamentals but this turn around ma
    Sep 11, 2009
  • Bearish on the market again but I'm still cautious.
    Sep 10, 2009
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.