New Trade: AIG
Short [[AIG]] @ $14.01
Chart target $10, possibly $7. AIG has a lot of exposure to the British mortgage market which is supposedly even worse than the U.S.
Chart target $10, possibly $7. AIG has a lot of exposure to the British mortgage market which is supposedly even worse than the U.S.
We have a possible bullish divergence on MACD, i think.
I wouldn’t trade this paper right now and I’d prefer to buy a position after the possible correction,
and after closing the gap about 17$.
But the global trend for AIG is pretty much bearish(see also the volumes on the last drops), you are right.
For the other hand, it’s so non-patriotic to short american papers?
Do you remember that?
🙂
I saw MACD too, but then decided that financials have been gapping down hard lately, and the really sick and lame ones don’t necessarily fill the gaps.
If it goes up, I’ll be adding 200x blocks at every $2. It’ll tank eventually (sooner rather than later IMO).
Good thing I’m not in the States anymore 🙂 Shorting a true American company. Why, outrageous! I’d be considered a traitor.