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  • Short sellers have been steadily building up positions in AIG since early January 2 comments
    May 16, 2011 4:25 PM | about stocks: AIG
    The US Treasury recently announced that it would sell shares in AIG for $30.

    Since it peaked in early January, AIG's share price has steadily made its way towards that $30 level.  Over the same time period, shares borrowed (and shorted) has increased from 16 million shares to 28 million shares.


    Stocks: AIG
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  • larry5449
    , contributor
    Comments (93) | Send Message
     
    "The US Treasury recently announced that it would sell shares in AIG for $30".

     

    when & where did they announce this?
    16 May 2011, 08:33 PM Reply Like
  • shortside
    , contributor
    Comments (9) | Send Message
     
    Author’s reply » There was an article in the WSJ yesterday -- Investors Show Interest in AIG Stock Sale -- online.wsj.com/article...

     

    It's still in the initial stages between Treasury and unnamed investors, but investors have evidently given interest that they'd be willing to purchase X million shares at $30.
    17 May 2011, 09:54 AM Reply Like
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