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zebra zebra: Did you miss the AIG boat, and are now simply trying to talk the stock down so as to buy it cheaper? Your conclusion totally contradicts the message in the article you cited. If Ackman, a notorious short-seller, suddenly loads up with AIG stock (as he did successfully with Wachovia) , what does this tell you? Cerainly not that you should 'sell' AIG. Maybe you didn't understand the article, so I'll repeat it below:

“Bill Ackman, who heads the Pershing Square hedge fund [and has been short financials for a long time] has switched gears, snapping up significant stakes in Wachovia and American International Group Inc.(AIG)—his first investments in financial institutions in five years. Mr. Ackman said he began acquiring a 180 million-share, or 9%, stake in Wachovia last Monday, after the North Carolina bank agreed to be acquired by Citigroup Inc. Since then, he’s had the good fortune to see his stake rise significantly after Wells Fargo & Co. trumped Citi’s (C) bid late last week.” (Crain’s NY Business, Oct. 6)

Sounds like a case of sour grapes to me.


On Oct 07 05:16 PM zebra zebra wrote:

> SELL!! AIG is DONE!!