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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!!

The Hedge Fund of America, LP

As for the article above, it represents more of the same. If every irresponsible and technically bankrupt corporation were allowed to fail the pain would be so massive and long lasting that it would give rise to fundamental solutions that would change the way the U.S. Government and U.S. corporations are allowed to do business. How GM is allowed to continue operating with a $ 200 billion debt beats me ............

The Hedge Fund of America, LP

Farmer448, that was brilliant and I laughed my A$$ off. The problem is that Cheney's Blind Trust (mainly consisting of Halliburton) tripled in value after he fabricated reasons to invade Iraq, so rest assured his Blind Trust probably shorted financials a year ago to benefit from yet another mess created by his Administration (He is, after all, the de facto Prez.).

No, the Texas Mafia has no interest in reforming the system, whether economically or politically, because "The Lord helps him who helps himself". I wouldn't hold your breath aiting for anyone in this Administration to (Heaven forbid) actually do something POSITIVE....