Beyond Trading downgrades AIG to Sell at $60.7
We have a long history trading American International Group (AIG) published on the blog. Beyond Trading CEO wrote an article in 2009 giving AIG an upside within the range $58-63.
Our most recent recommendation in shares of AIG was to buy the stock at $32.35. Before this recent Buy recommendation at $32.35, the stock was one of the most profitable sell short opportunities during 2009-2010 at Beyond Trading.
Moscow Music House
Recently, we recommended to close long positions in AIG at $60.7 for a significant 85% swing profit, reversing to the short side.
"As soon as AIG hit $60.7 our CEO issued an alert to dump AIG at $60.7. We have a great NASDAQ.com real-time screenshot of the event taken in real-time."
Carlos
"We sold 500,000 shares of AIG as soon as Mr. Vieira informed us that in his opinion the stock had a limited upside above $60.7. We are quite happy Mr. Vieira helped us to make this decision since yesterday the stock closed at $51. We would have lost almost $5 million in profits. Mr. Vieira opinion is worth to be taken very seriously by any institutional investor in the market."
Private Institution, 2011
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